MakeMyTrip (NASDAQ:MMYT) Shares Up 4.6% – Should You Buy?

MakeMyTrip Limited (NASDAQ:MMYT) shot up 4.6% on Tuesday . The stock traded as high as $102.66 and last traded at $102.43. 488,088 shares were traded during trading, a decline of 32% from the average session volume of 719,524 shares. The stock had previously closed at $97.95.

Analysts Set New Price Targets

Several research firms have commented on MMYT. Bank of America lifted their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Stock Performance

The firm has a market capitalization of $11.34 billion, a P/E ratio of 56.12, a P/E/G ratio of 6.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a 50-day moving average price of $97.69 and a two-hundred day moving average price of $104.46.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MMYT. Steward Partners Investment Advisory LLC grew its position in shares of MakeMyTrip by 41.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock worth $43,000 after buying an additional 111 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in MakeMyTrip by 3.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,419 shares of the technology company’s stock valued at $496,000 after purchasing an additional 142 shares during the period. Gen Wealth Partners Inc raised its holdings in shares of MakeMyTrip by 29.5% in the 4th quarter. Gen Wealth Partners Inc now owns 725 shares of the technology company’s stock valued at $81,000 after purchasing an additional 165 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $35,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock valued at $3,887,000 after buying an additional 400 shares during the period. 51.89% of the stock is currently owned by hedge funds and other 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.