Despegar.com, Corp. (NYSE:DESP) Shares Bought by Caption Management LLC

Caption Management LLC boosted its holdings in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 1,006.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,383 shares of the company's stock after acquiring an additional 201,383 shares during the quarter. Caption Management LLC owned about 0.26% of Despegar.com worth $4,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Despegar.com by 298.5% during the 3rd quarter. Barclays PLC now owns 91,888 shares of the company's stock worth $1,139,000 after buying an additional 68,829 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Despegar.com in the third quarter valued at $591,000. Annex Advisory Services LLC purchased a new position in Despegar.com in the fourth quarter valued at $9,499,000. SG Americas Securities LLC grew its stake in Despegar.com by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after purchasing an additional 18,872 shares in the last quarter. Finally, Emeth Value Capital LLC purchased a new stake in Despegar.com during the 4th quarter worth about $7,154,000. Hedge funds and other institutional investors own 67.93% of the company's stock.

Despegar.com Trading Up 0.1 %

Shares of Despegar.com stock traded up $0.01 during trading on Friday, reaching $19.46. The company's stock had a trading volume of 861,264 shares, compared to its average volume of 1,629,192. The firm has a market cap of $1.63 billion, a PE ratio of -648.67, a P/E/G ratio of 0.91 and a beta of 1.61. The company has a 50-day moving average price of $19.17 and a two-hundred day moving average price of $18.33. 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 posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share 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 firm's revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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