Baillie Gifford & Co. Grows Position in MakeMyTrip Limited $MMYT

Key Points

• Baillie Gifford & Co. increased its Q4 position in MakeMyTrip by 2.3%, ending the period with 5,155,036 shares — roughly 4.63% of the company valued at $423.3 million after buying 114,975 shares.
• Several other large investors also boosted stakes (e.g., Massachusetts Financial Services +112%, Schroder 6.3M shares, Man Group sharply higher), leaving 51.89% of MMYT owned by hedge funds and institutions.
• MakeMyTrip beat Q4 EPS estimates ($0.52 vs. $0.43) but missed revenue, trades at a $4.54B market cap with a 12‑month range of $32.67–$113.85, and carries an average analyst rating of Moderate Buy with a $106.33 price target.

Baillie Gifford & Co. lifted its position in shares of MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,155,036 shares of the technology company's stock after buying an additional 114,975 shares during the period. Baillie Gifford & Co. owned about 4.63% of MakeMyTrip worth $423,332,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MMYT. Massachusetts Financial Services Co. MA increased its stake in MakeMyTrip by 112.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,877 shares of the technology company's stock worth $128,426,000 after purchasing an additional 826,143 shares during the period. Schroder Investment Management Group boosted its position in shares of MakeMyTrip by 12.2% during the third quarter. Schroder Investment Management Group now owns 6,316,976 shares of the technology company's stock valued at $591,269,000 after purchasing an additional 688,957 shares in the last quarter. Man Group plc boosted its position in shares of MakeMyTrip by 6,434.6% during the second quarter. Man Group plc now owns 632,747 shares of the technology company's stock valued at $62,022,000 after purchasing an additional 623,064 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of MakeMyTrip by 233.0% during the third quarter. Coronation Fund Managers Ltd. now owns 865,168 shares of the technology company's stock valued at $80,980,000 after purchasing an additional 605,388 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of MakeMyTrip by 140.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 952,418 shares of the technology company's stock valued at $77,994,000 after purchasing an additional 555,620 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $40.85 on Monday. The stock has a 50-day moving average price of $49.13 and a 200 day moving average price of $69.37. MakeMyTrip Limited has a 12-month low of $32.67 and a 12-month high of $113.85. The stock has a market capitalization of $4.54 billion, a P/E ratio of 85.10, a P/E/G ratio of 1.66 and a beta of 0.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 38.85.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.09. MakeMyTrip had a return on equity of 48.06% and a net margin of 5.46%.The company had revenue of $295.70 million during the quarter, compared to analyst estimates of $306.29 million. Equities research analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

MMYT has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating on shares of MakeMyTrip in a report on Wednesday, December 31st. Bank of America lowered their price target on MakeMyTrip from $115.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, December 24th. Citigroup reduced their price objective on MakeMyTrip from $108.00 to $96.00 and set a "buy" rating for the company in a research report on Wednesday, January 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of MakeMyTrip in a research report on Tuesday, January 27th. Finally, Wall Street Zen upgraded MakeMyTrip from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $106.33.

MakeMyTrip 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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