No Street GP LP Trims Stock Position in Despegar.com, Corp. (NYSE:DESP)

No Street GP LP cut its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,630,000 shares of the company's stock after selling 30,000 shares during the quarter. Despegar.com comprises 5.9% of No Street GP LP's portfolio, making the stock its 5th biggest position. No Street GP LP owned about 5.54% of Despegar.com worth $89,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Despegar.com by 756.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after buying an additional 1,506 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com in the fourth quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com in the fourth quarter valued at about $104,000. Quinn Opportunity Partners LLC purchased a new position in Despegar.com in the fourth quarter valued at about $194,000. Finally, OLD Mission Capital LLC purchased a new position in Despegar.com in the fourth quarter valued at about $221,000. Hedge funds and other institutional investors own 67.93% of the company's stock.

Despegar.com Stock Performance

DESP remained flat at $19.50 on Friday. The company has a market cap of $1.63 billion, a P/E ratio of -650.00, a P/E/G ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The stock has a 50 day moving average price of $19.20 and a two-hundred day moving average price of $18.47.

Despegar.com (NYSE:DESP - Get Free Report) last released its 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). Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The firm had revenue of $210.30 million for the quarter, compared to the consensus estimate of $212.40 million. The firm's revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a 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. According to MarketBeat, the stock 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.