MakeMyTrip Limited (NASDAQ:MMYT – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $123.00 and last traded at $121.81, with a volume of 258518 shares traded. The stock had previously closed at $115.04.
Analyst Ratings Changes
A number of brokerages have weighed in on MMYT. Bank of America increased their price target on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com cut MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.
View Our Latest Analysis on MMYT
MakeMyTrip Stock Performance
MakeMyTrip (NASDAQ:MMYT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The company had revenue of $210.99 million during the quarter, compared to analysts’ expectations of $214.90 million. During the same period last year, the business earned $0.18 earnings per share. On average, research analysts expect that MakeMyTrip Limited will post 1.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in MakeMyTrip in the 1st quarter valued at about $2,317,000. Wealth Enhancement Advisory Services LLC bought a new position in MakeMyTrip in the 2nd quarter worth approximately $269,000. LA Financiere DE L Echiquier acquired a new position in MakeMyTrip during the 2nd quarter worth $1,808,000. Blue Trust Inc. boosted its position in MakeMyTrip by 44.0% in the 2nd quarter. Blue Trust Inc. now owns 9,702 shares of the technology company’s stock valued at $816,000 after buying an additional 2,963 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of MakeMyTrip in the 2nd quarter valued at $59,000. 51.89% of the stock is owned by institutional investors.
About MakeMyTrip
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
Read More
- Five stocks we like better than MakeMyTrip
- How Technical Indicators Can Help You Find Oversold Stocks
- Amazon’s Healthcare Gamble: A New Era of Medical Disruption
- Bank Stocks – Best Bank Stocks to Invest In
- Semiconductor Giant Synopsys Slides 14% — Time to Take Notice
- High Flyers: 3 Natural Gas Stocks for March 2022
- Tesla’s Closes in on $400: From Laggard to Leader in 2024
Receive News & Ratings for MakeMyTrip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip and related companies with MarketBeat.com's FREE daily email newsletter.