Bosun Asset Management LLC Has $2.88 Million Stake in Despegar.com, Corp. (NYSE:DESP)

Bosun Asset Management LLC raised its holdings in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 152.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,454 shares of the company's stock after acquiring an additional 90,305 shares during the quarter. Despegar.com makes up approximately 1.3% of Bosun Asset Management LLC's holdings, making the stock its 15th biggest position. Bosun Asset Management LLC owned approximately 0.18% of Despegar.com worth $2,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Despegar.com by 298.5% in the third quarter. Barclays PLC now owns 91,888 shares of the company's stock valued at $1,139,000 after buying an additional 68,829 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Despegar.com during the 3rd quarter valued at $591,000. Legal & General Group Plc increased its holdings in shares of Despegar.com by 13.7% in the fourth quarter. Legal & General Group Plc now owns 13,199 shares of the company's stock valued at $254,000 after purchasing an additional 1,588 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Despegar.com by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock valued at $557,000 after purchasing an additional 18,872 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Despegar.com by 554.8% during the 4th quarter. Invesco Ltd. now owns 497,861 shares of the company's stock worth $9,584,000 after buying an additional 421,826 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Despegar.com Trading Up 0.1 %

Shares of NYSE:DESP traded up $0.01 on Friday, reaching $19.46. 861,264 shares of the company's stock were exchanged, compared to its average volume of 1,629,192. Despegar.com, Corp. has a twelve month low of $9.25 and a twelve month high of $19.55. The company has a fifty day moving average of $19.17 and a 200-day moving average of $18.33. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -648.67, a PEG ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). The company 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 was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.