MayTech Global Investments LLC grew its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,152,330 shares of the company's stock after buying an additional 50,646 shares during the period. Despegar.com accounts for about 2.6% of MayTech Global Investments LLC's holdings, making the stock its 16th biggest holding. MayTech Global Investments LLC owned 1.38% of Despegar.com worth $22,182,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Despegar.com by 106.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,793,424 shares of the company's stock worth $34,523,000 after acquiring an additional 925,500 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 in the last quarter. Ameriprise Financial Inc. increased its stake in Despegar.com by 2,020.9% during the 4th 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 period. Divisadero Street Capital Management LP lifted its holdings in Despegar.com by 75.6% during the 4th quarter. Divisadero Street Capital Management LP now owns 751,513 shares of the company's stock worth $14,467,000 after buying an additional 323,585 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Despegar.com by 554.8% in the 4th quarter. Invesco Ltd. now owns 497,861 shares of the company's stock valued at $9,584,000 after buying an additional 421,826 shares during the period. 67.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, B. Riley downgraded 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.20.
Get Our Latest Analysis on DESP
Despegar.com Stock Up 0.1%
Shares of Despegar.com stock opened at $19.47 on Tuesday. The firm has a market cap of $1.63 billion, a PE ratio of -649.00, a P/E/G ratio of 0.91 and a beta of 1.61. The business's fifty day moving average is $19.18 and its two-hundred day moving average is $18.39. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.
Despegar.com (NYSE:DESP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.61). The business had revenue of $210.30 million during 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%. Despegar.com's quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current year.
Despegar.com Company Profile
(
Free Report)
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.
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