Zacks Research upgraded shares of MakeMyTrip (NASDAQ:MMYT – Free Report) from a strong sell rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.
MMYT has been the topic of a number of other research reports. Wall Street Zen lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Citigroup reissued a “buy” rating on shares of MakeMyTrip in a report on Tuesday, May 19th. HSBC started coverage on MakeMyTrip in a research note on Thursday, July 2nd. They issued a “buy” rating and a $70.00 price objective for the company. Finally, The Goldman Sachs Group set a $84.00 target price on MakeMyTrip in a research report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $86.75.
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MakeMyTrip Trading Up 6.1%
Institutional Investors Weigh In On MakeMyTrip
Several institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG purchased a new position in shares of MakeMyTrip in the fourth quarter valued at $29,000. Parallel Advisors LLC lifted its holdings in MakeMyTrip by 244.8% during the 3rd quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $37,000 after purchasing an additional 284 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in MakeMyTrip during the 4th quarter worth about $46,000. Stone House Investment Management LLC boosted its stake in MakeMyTrip by 50.0% in the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the technology company’s stock worth $49,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in MakeMyTrip by 893.9% during the 4th quarter. Rakuten Securities Inc. now owns 656 shares of the technology company’s stock valued at $54,000 after buying an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.
MakeMyTrip Company Profile
MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.
Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.
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