Baillie Gifford Adds $525M in MakeMyTrip Limited ($MMYT)
Key Points
- Baillie Gifford changed its MakeMyTrip Limited ($MMYT) stake by 191.23% last quarter, boosting to 15,012,963 shares worth $800.04 million.
- Wall Street's consensus rating on $MMYT is Strong Buy and an average price target of $75.40.
- $MMYT last traded around $53.29.
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Baillie Gifford increased its position in MakeMyTrip Limited ($MMYT) by 191.23% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,012,963 shares of MakeMyTrip Limited after buying 9,857,927 shares during the quarter. Baillie Gifford's holdings in MakeMyTrip Limited were worth $800.04 million as of its most recent filing.
MakeMyTrip Limited Stock Down 9.7%
Shares of MakeMyTrip Limited ($MMYT) traded around $53.29 on Saturday, down 9.7% for the day.
MakeMyTrip Limited Earnings
Analysts Set New Price Targets
About MakeMyTrip Limited
MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.