Despegar.com, Corp. (NYSE:DESP) Shares Purchased 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 fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,383 shares of the company's stock after acquiring an additional 201,383 shares during the period. Caption Management LLC owned about 0.26% of Despegar.com worth $4,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in 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 acquiring an additional 68,829 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Despegar.com in the third quarter valued at $591,000. Legal & General Group Plc lifted its position in Despegar.com by 13.7% during the fourth quarter. Legal & General Group Plc now owns 13,199 shares of the company's stock worth $254,000 after buying an additional 1,588 shares during the period. SG Americas Securities LLC boosted its stake in Despegar.com by 187.5% in the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after buying an additional 18,872 shares during the last quarter. Finally, Invesco Ltd. grew its holdings 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. Hedge funds and other institutional investors own 67.93% of the company's stock.

Despegar.com Price Performance

Shares of DESP opened at $19.45 on Tuesday. The stock's 50-day moving average is $19.15 and its two-hundred day moving average is $18.22. The stock has a market cap of $1.63 billion, a PE ratio of -648.17, a P/E/G ratio of 0.91 and a beta of 1.61. 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 results on Tuesday, April 29th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.61). The company had revenue of $210.30 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, research analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded shares of 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 given a buy rating to the company's stock. According to MarketBeat.com, Despegar.com currently has a consensus rating of "Hold" and a consensus 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.

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