MakeMyTripMMYT
Market Cap: $12.1B
About: MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.
Employees: 4,576
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
143% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 21
55% more call options, than puts
Call options by funds: $42.7M | Put options by funds: $27.5M
17% more capital invested
Capital invested by funds: $3.79B [Q1] → $4.44B (+$649M) [Q2]
16% more funds holding
Funds holding: 190 [Q1] → 220 (+30) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 9 (+0) [Q2]
0.97% less ownership
Funds ownership: 77.0% [Q1] → 76.03% (-0.97%) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 78
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
B of A Securities Sachin Salgaonkar 88% 1-year accuracy 7 / 8 met price target | 2%upside $112 | Buy Maintained | 27 Aug 2024 |
Citigroup Vijit Jain 100% 1-year accuracy 1 / 1 met price target | 4%upside $115 | Buy Maintained | 24 Jul 2024 |
B of A Securities Sachin Salgaonkar 88% 1-year accuracy 7 / 8 met price target | 9%downside $100 | Buy Maintained | 24 Jul 2024 |
B of A Securities Sachin Salgaonkar 88% 1-year accuracy 7 / 8 met price target | 14%downside $95 | Buy Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 6 articles about MMYT published over the past 30 days