MakeMyTrip (NASDAQ:MMYT) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of MakeMyTrip (NASDAQ:MMYT) from a hold rating to a sell rating in a report released on Friday morning.

Several other analysts have also recently weighed in on MMYT. Macquarie upgraded shares of MakeMyTrip from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Tuesday, June 24th. Citigroup dropped their price objective on shares of MakeMyTrip from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $120.00.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock opened at $94.45 on Friday. MakeMyTrip has a twelve month low of $81.84 and a twelve month high of $123.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 18.35. The company has a 50-day simple moving average of $97.52 and a two-hundred day simple moving average of $99.09. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 109.83 and a beta of 0.81.

Hedge Funds Weigh In On MakeMyTrip

Hedge funds have recently bought and sold shares of the company. WPG Advisers LLC bought a new position in MakeMyTrip in the 1st quarter valued at about $28,000. Twin Tree Management LP bought a new stake in shares of MakeMyTrip during the 1st quarter valued at approximately $29,000. First Horizon Advisors Inc. bought a new stake in shares of MakeMyTrip during the 2nd quarter valued at approximately $43,000. Stone House Investment Management LLC bought a new stake in shares of MakeMyTrip during the 1st quarter valued at approximately $49,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of MakeMyTrip during the 2nd quarter valued at approximately $50,000. 51.89% of the stock is owned by institutional investors.

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.