Beaconlight Capital LLC Sells 283,934 Shares of Despegar.com, Corp. (NYSE:DESP)

Beaconlight Capital LLC trimmed its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,534 shares of the company's stock after selling 283,934 shares during the quarter. Despegar.com comprises approximately 2.2% of Beaconlight Capital LLC's holdings, making the stock its 15th largest position. Beaconlight Capital LLC owned 0.37% of Despegar.com worth $5,882,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DESP. Arrowstreet Capital Limited Partnership grew its position in shares of Despegar.com by 2,086.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company's stock valued at $21,906,000 after purchasing an additional 1,085,931 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Despegar.com by 2,020.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,070,723 shares of the company's stock worth $20,611,000 after buying an additional 1,020,238 shares during the last quarter. Invesco Ltd. boosted its position in shares of Despegar.com by 554.8% in the fourth quarter. Invesco Ltd. now owns 497,861 shares of the company's stock valued at $9,584,000 after acquiring an additional 421,826 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Despegar.com in the fourth quarter worth $9,499,000. Finally, RBF Capital LLC increased its position in Despegar.com by 115.2% during the fourth quarter. RBF Capital LLC now owns 491,256 shares of the company's stock worth $9,287,000 after acquiring an additional 263,006 shares during the period. 67.93% of the stock is owned by institutional investors.

Despegar.com Stock Up 0.1 %

Despegar.com stock traded up $0.02 on Friday, hitting $19.47. The company's stock had a trading volume of 522,735 shares, compared to its average volume of 1,619,638. The company has a fifty day moving average price of $19.17 and a 200-day moving average price of $18.27. The firm has a market cap of $1.63 billion, a P/E ratio of -649.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55.

Despegar.com (NYSE:DESP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) 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 the consensus estimate of $212.40 million. Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley lowered shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Despegar.com presently has a consensus rating of "Hold" and a consensus target price of $17.20.

About Despegar.com

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.