QVT Financial’s Investments, Performance, Letters

3. MakeMyTrip Limited (NASDAQ:MMYT)

QVT Financial increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 10% during the second quarter and reported holding 2.26 million shares valued at $73.55 million in its latest 13F filing. The stock of MakeMyTrip Limited (NASDAQ:MMYT), an India-based online travel company, has surged by over 68% over the last 12 months, as the company reported substantial revenue growth for the past several quarters. For the second quarter, MakeMyTrip Limited (NASDAQ:MMYT) posted a net loss of $0.73 per share, lower than the expected loss of $0.50, while its revenue of $192.96 million grew by 58.4% on the year and was $84.31 million higher than expected. Two other investors bullish on MakeMyTrip Limited (NASDAQ:MMYT) are James H. Litinsky’s JHL Capital Group and George Soros’ Soros Fund Management, which own 1.66 million shares and 1.47 million shares, respectively.

Follow Makemytrip Limited (NASDAQ:MMYT)