MakeMyTrip (MMYT) Lifted to Neutral at Nomura

Nomura upgraded shares of MakeMyTrip (NASDAQ:MMYT) from a reduce rating to a neutral rating in a research note issued to investors on Monday, MarketBeat.com reports.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded MakeMyTrip from a buy rating to a hold rating in a report on Thursday, March 22nd. JPMorgan Chase raised MakeMyTrip from a neutral rating to an overweight rating and set a $36.00 price target on the stock in a report on Tuesday, February 27th. BidaskClub downgraded MakeMyTrip from a hold rating to a sell rating in a report on Saturday, February 17th. Finally, TheStreet raised MakeMyTrip from a d rating to a c- rating in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $34.20.

MakeMyTrip opened at $34.10 on Monday, MarketBeat.com reports. MakeMyTrip has a 52 week low of $34.20 and a 52 week high of $34.45.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in shares of MakeMyTrip by 123.6% in the 1st quarter. Citigroup Inc. now owns 3,454 shares of the technology company’s stock worth $120,000 after purchasing an additional 1,909 shares during the last quarter. Barclays PLC lifted its holdings in shares of MakeMyTrip by 824.4% in the 1st quarter. Barclays PLC now owns 2,921 shares of the technology company’s stock worth $101,000 after purchasing an additional 2,605 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of MakeMyTrip by 26.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 19,189 shares of the technology company’s stock worth $665,000 after purchasing an additional 4,022 shares during the last quarter. Castleark Management LLC bought a new stake in shares of MakeMyTrip in the 4th quarter worth approximately $152,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of MakeMyTrip in the 1st quarter worth approximately $241,000. 48.73% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, the Netherlands, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Hong Kong, and Bangladesh.

Analyst Recommendations for MakeMyTrip (NASDAQ:MMYT)

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