Balyasny Asset Management L.P. Purchases 38,619 Shares of Despegar.com, Corp. (NYSE:DESP)

Balyasny Asset Management L.P. increased its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 134.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,354 shares of the company's stock after buying an additional 38,619 shares during the period. Balyasny Asset Management L.P. owned 0.08% of Despegar.com worth $1,297,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC raised its stake in shares of Despegar.com by 298.5% in the 3rd 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 in the last quarter. Annex Advisory Services LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at $9,499,000. SG Americas Securities LLC raised its stake in shares of Despegar.com by 187.5% in the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock valued at $557,000 after buying an additional 18,872 shares in the last quarter. Emeth Value Capital LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at $7,154,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Despegar.com during the 4th quarter worth about $104,000. 67.93% of the stock is owned by institutional investors.

Despegar.com Price Performance

NYSE:DESP remained flat at $19.50 during mid-day trading on Friday. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The company has a fifty day moving average of $19.20 and a 200 day moving average of $18.47. The company has a market capitalization 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 (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). Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The company had revenue of $210.30 million for the quarter, compared to the consensus estimate of $212.40 million. Despegar.com's quarterly revenue was up 8.7% on a year-over-year basis. As a group, research analysts forecast that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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