Despegar.com, Corp. (NYSE:DESP) Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC cut its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,600 shares of the company's stock after selling 66,400 shares during the quarter. Manatuck Hill Partners LLC owned 0.05% of Despegar.com worth $839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Despegar.com by 1.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company's stock valued at $1,799,000 after purchasing an additional 1,010 shares in the last quarter. Sterling Capital Management LLC boosted 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 purchasing an additional 1,506 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Despegar.com by 13.7% during the 4th quarter. Legal & General Group Plc now owns 13,199 shares of the company's stock worth $254,000 after purchasing an additional 1,588 shares during the period. MetLife Investment Management LLC grew its holdings in Despegar.com by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 37,706 shares of the company's stock valued at $726,000 after buying an additional 2,070 shares during the period. Finally, Boothbay Fund Management LLC grew its holdings in Despegar.com by 6.4% in the fourth quarter. Boothbay Fund Management LLC now owns 35,701 shares of the company's stock valued at $687,000 after purchasing an additional 2,141 shares during the period. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Despegar.com Stock Up 0.0 %

Shares of DESP stock traded up $0.01 during mid-day trading on Wednesday, reaching $19.47. The company's stock had a trading volume of 121,721 shares, compared to its average volume of 1,624,079. The firm has a market capitalization of $1.63 billion, a PE ratio of -648.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. The company's 50 day simple moving average is $19.16 and its 200-day simple moving average is $18.23. 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 issued 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 analyst estimates 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% compared to the same quarter last year. As a group, research analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.