BNP Paribas Financial Markets increased its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 483.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,628 shares of the company's stock after acquiring an additional 62,662 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Despegar.com worth $1,456,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of Despegar.com by 756.8% during 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 period. Harvest Fund Management Co. Ltd bought a new stake in Despegar.com in the fourth quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Despegar.com in the fourth quarter valued at about $104,000. Quinn Opportunity Partners LLC bought a new stake in Despegar.com in the fourth quarter valued at about $194,000. Finally, OLD Mission Capital LLC bought a new stake in Despegar.com in the fourth quarter valued at about $221,000. Institutional investors own 67.93% of the company's stock.
Analyst Upgrades and Downgrades
Separately, B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.75.
Check Out Our Latest Analysis on DESP
Despegar.com Price Performance
Shares of DESP stock remained flat at $19.50 during trading hours on Friday. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55. The firm's 50-day simple moving average is $19.22 and its 200 day simple moving average is $18.67. The firm has a market cap of $1.63 billion, a PE 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 announced its earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share (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 company's revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts forecast that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.
Despegar.com 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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