MakeMyTrip Limited (NASDAQ:MMYT – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $69.45 and last traded at $68.99, with a volume of 61576 shares changing hands. The stock had previously closed at $68.04.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on MMYT shares. StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Macquarie downgraded shares of MakeMyTrip from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $50.00 to $60.00 in a report on Wednesday, February 21st.
Read Our Latest Stock Report on MMYT
MakeMyTrip Price Performance
MakeMyTrip (NASDAQ:MMYT – Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. MakeMyTrip had a net margin of 6.93% and a return on equity of 10.13%. The business had revenue of $214.22 million during the quarter, compared to analyst estimates of $210.01 million. Research analysts predict that MakeMyTrip Limited will post 0.84 EPS for the current year.
Institutional Trading of MakeMyTrip
A number of institutional investors and hedge funds have recently bought and sold shares of MMYT. Quarry LP grew its position in shares of MakeMyTrip by 1,000.0% during the first quarter. Quarry LP now owns 1,210 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,100 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the 4th quarter worth approximately $50,000. Belpointe Asset Management LLC boosted its position in shares of MakeMyTrip by 20.8% during the 1st quarter. Belpointe Asset Management LLC now owns 2,416 shares of the technology company’s stock valued at $59,000 after acquiring an additional 416 shares during the last quarter. Banque Cantonale Vaudoise increased its position in MakeMyTrip by 449.8% in the third quarter. Banque Cantonale Vaudoise now owns 3,398 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,780 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in MakeMyTrip by 89.1% during the third quarter. Legal & General Group Plc now owns 3,683 shares of the technology company’s stock valued at $149,000 after purchasing an additional 1,735 shares in the last quarter. 51.89% of the stock is currently 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.
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