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AQR Arbitrage LLC Takes Position in Despegar.com, Corp. (NYSE:DESP)

Despegar.com logo with Transportation background

AQR Arbitrage LLC acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,606 shares of the company's stock, valued at approximately $1,186,000. AQR Arbitrage LLC owned 0.07% of Despegar.com as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DESP. Sterling Capital Management LLC boosted its holdings in shares of Despegar.com by 756.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock valued at $33,000 after acquiring an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com in the 4th quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Despegar.com in the fourth quarter valued at about $104,000. Quinn Opportunity Partners LLC bought a new position in shares of Despegar.com during the fourth quarter worth about $194,000. Finally, OLD Mission Capital LLC acquired a new position in shares of Despegar.com in the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 67.93% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Despegar.com has a consensus rating of "Hold" and an average target price of $17.20.

Check Out Our Latest Stock Analysis on DESP

Despegar.com Stock Up 0.0 %

Shares of DESP traded up $0.01 during mid-day trading on Wednesday, hitting $19.47. 111,833 shares of the company's stock traded hands, compared to its average volume of 1,624,044. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. The business's 50-day moving average price is $19.16 and its 200-day moving average price is $18.23. The firm has a market capitalization of $1.63 billion, a P/E ratio of -648.83, a PEG ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business had revenue of $210.30 million for the quarter, compared to the consensus estimate of $212.40 million. Despegar.com's revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

About Despegar.com

(Free Report)

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.

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Institutional Ownership by Quarter for Despegar.com (NYSE:DESP)

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