Despegar.com, Corp. (NYSE:DESP) Shares Sold by Beaconlight Capital LLC

Beaconlight Capital LLC trimmed its holdings in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 48.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,534 shares of the company's stock after selling 283,934 shares during the quarter. Despegar.com makes up approximately 2.2% of Beaconlight Capital LLC's investment portfolio, making the stock its 15th biggest holding. Beaconlight Capital LLC owned about 0.37% of Despegar.com worth $5,882,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DESP. Sterling Capital Management LLC raised its stake 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 worth $33,000 after acquiring an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Despegar.com in the 4th quarter worth $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com during the 4th quarter worth $104,000. Quinn Opportunity Partners LLC acquired a new position in Despegar.com during the 4th quarter valued at about $194,000. Finally, OLD Mission Capital LLC purchased a new stake in Despegar.com in the fourth quarter valued at about $221,000. Institutional investors own 67.93% of the company's stock.

Analyst Upgrades and Downgrades

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

Despegar.com Trading Down 0.1 %

Shares of DESP stock traded down $0.01 during trading hours on Wednesday, hitting $19.45. The company's stock had a trading volume of 1,017,120 shares, compared to its average volume of 1,624,350. The company has a 50 day moving average of $19.16 and a 200 day moving average of $18.23. The stock has a market cap of $1.63 billion, a PE ratio of -648.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55.

Despegar.com (NYSE:DESP - Get Free Report) last posted its earnings results 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). The business had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business's revenue was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

Despegar.com 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.