Dumac Inc. Acquires 35,890 Shares of Despegar.com, Corp. (NYSE:DESP)

Dumac Inc. grew its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 253,762 shares of the company's stock after purchasing an additional 35,890 shares during the period. Despegar.com comprises approximately 7.5% of Dumac Inc.'s holdings, making the stock its 3rd biggest holding. Dumac Inc. owned about 0.30% of Despegar.com worth $4,885,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DESP. Gilder Gagnon Howe & Co. LLC grew its holdings in Despegar.com by 1.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company's stock worth $1,799,000 after acquiring an additional 1,010 shares during the last quarter. Sterling Capital Management LLC raised its position in Despegar.com by 756.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after purchasing an additional 1,506 shares during the last quarter. Legal & General Group Plc lifted its holdings in Despegar.com by 13.7% during the 4th 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 in the last quarter. MetLife Investment Management LLC boosted its position in Despegar.com by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 37,706 shares of the company's stock valued at $726,000 after buying an additional 2,070 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its stake in shares of Despegar.com by 6.4% in the 4th quarter. Boothbay Fund Management LLC now owns 35,701 shares of the company's stock valued at $687,000 after buying an additional 2,141 shares during the period. Institutional investors own 67.93% of the company's stock.

Despegar.com Stock Performance

DESP traded up $0.01 during trading on Friday, reaching $19.46. 861,264 shares of the company's stock were exchanged, compared to its average volume of 1,629,192. The company's fifty day moving average price is $19.17 and its 200-day moving average price is $18.33. The firm has a market capitalization of $1.63 billion, a PE ratio of -648.67, a P/E/G ratio of 0.91 and a beta of 1.61. 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 announced 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 analyst estimates of $212.40 million. The firm's revenue was up 8.7% compared to the same quarter last year. Research analysts forecast that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut 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, the company 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.