Baillie Gifford Adds $411M in MakeMyTrip Limited ($MMYT)
Key Points
- Baillie Gifford changed its MakeMyTrip Limited ($MMYT) stake by 191.2% last quarter, boosting to 15,012,963 shares worth $626.64 million.
- Wall Street's consensus rating on $MMYT is Strong Buy and an average price target of $70.40.
- $MMYT last traded around $41.74.
Baillie Gifford increased its position in MakeMyTrip Limited ($MMYT) by 191.2% 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 $626.64 million as of its most recent filing.
MakeMyTrip Limited ($MMYT) Stock
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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, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. 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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