MakeMyTrip (NASDAQ:MMYT) Stock Price Expected to Rise, Citigroup Analyst Says

MakeMyTrip (NASDAQ:MMYT) had its price target boosted by analysts at Citigroup from $120.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 18.55% from the company’s current price.

Separately, StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Price Performance

Shares of MMYT opened at $105.44 on Thursday. MakeMyTrip has a 52-week low of $72.55 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The business’s 50 day moving average price is $101.28 and its two-hundred day moving average price is $105.36. The firm has a market cap of $11.58 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of 6.56 and a beta of 0.92.

Hedge Funds Weigh In On MakeMyTrip

Institutional investors have recently modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of MakeMyTrip during the first quarter worth approximately $28,000. Twin Tree Management LP acquired a new position in shares of MakeMyTrip during the first quarter worth approximately $29,000. USA Financial Formulas acquired a new position in shares of MakeMyTrip during the fourth quarter worth approximately $35,000. Steward Partners Investment Advisory LLC raised its position in shares of MakeMyTrip by 41.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after purchasing an additional 111 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in shares of MakeMyTrip during the first quarter worth approximately $49,000. 51.89% of the stock is owned by institutional investors and hedge funds.

MakeMyTrip Company Profile

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.