Despegar.com, Corp. (NYSE:DESP) Shares Sold by Bares Capital Management Inc.

Bares Capital Management Inc. decreased its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 95.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,443 shares of the company's stock after selling 558,004 shares during the quarter. Despegar.com accounts for about 0.0% of Bares Capital Management Inc.'s holdings, making the stock its 11th biggest holding. Bares Capital Management Inc.'s holdings in Despegar.com were worth $490,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its holdings in Despegar.com by 298.5% during the 3rd quarter. Barclays PLC now owns 91,888 shares of the company's stock worth $1,139,000 after buying an additional 68,829 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Despegar.com in the third quarter valued at $591,000. Annex Advisory Services LLC acquired a new position in Despegar.com during the 4th quarter worth $9,499,000. SG Americas Securities LLC increased its holdings in Despegar.com by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after purchasing an additional 18,872 shares during the period. Finally, Emeth Value Capital LLC acquired a new stake in Despegar.com in the 4th quarter valued at about $7,154,000. Institutional investors and hedge funds own 67.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley downgraded shares of 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 stock. Based on data from MarketBeat.com, Despegar.com currently has an average rating of "Hold" and an average target price of $17.20.

Despegar.com Stock Performance

DESP stock traded down $0.01 during midday trading on Wednesday, reaching $19.45. 1,017,120 shares of the company were exchanged, compared to its average volume of 1,624,350. The stock's 50-day simple moving average is $19.16 and its 200 day simple moving average is $18.23. Despegar.com, Corp. has a 1-year low of $9.25 and a 1-year high of $19.55. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -648.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). The company had revenue of $210.30 million during the quarter, compared to analysts' expectations of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. Despegar.com's revenue was up 8.7% compared to the same quarter last year. On average, research analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current year.

Despegar.com Company Profile

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.