Zacks Investment Research upgraded shares of Yatra Online (NASDAQ:YTRA) from a sell rating to a hold rating in a report released on Thursday morning.
According to Zacks, “Yatra Online, Inc. provides online travel agency services. The company operates through website www.yatra.com, mobile applications and associated platforms to book airline, railway and bus tickets as well as car and hotel accommodations for customers. Its product portfolio includes flights, hotels, trains, holidays, bus and activities. Yatra Online, Inc. is headquatered in New Delhi, India. “
A number of other brokerages have also weighed in on YTRA. Ladenburg Thalmann Financial Services assumed coverage on shares of Yatra Online in a report on Thursday, September 7th. They issued a buy rating and a $15.00 price objective on the stock. Oppenheimer restated a buy rating and issued a $13.00 price objective (down from $15.00) on shares of Yatra Online in a report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $14.56.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ashford Capital Management Inc. raised its holdings in shares of Yatra Online by 19.0% in the 2nd quarter. Ashford Capital Management Inc. now owns 71,410 shares of the technology company’s stock valued at $803,000 after purchasing an additional 11,410 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Yatra Online during the 3rd quarter worth $1,204,000. Royce & Associates LP acquired a new stake in Yatra Online during the 2nd quarter worth $843,000. First Trust Advisors LP acquired a new stake in Yatra Online during the 3rd quarter worth $3,242,000. Finally, Ameriprise Financial Inc. acquired a new stake in Yatra Online during the 2nd quarter worth $796,000. Institutional investors and hedge funds own 10.14% of the company’s stock.
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About Yatra Online
Yatra Online, Inc is an India-based consumer travel platform and online travel agent. The Company’s segments include Air Ticketing, Hotels and Packages, and Others. Through Internet and mobile-based platform and call-centers, the Company provides the facility to book and service international and domestic air tickets to customer through business-to-consumer (B2C) and business-to-business-to-consumer (B2B2C) channel.
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