Despegar.com, Corp. (NYSE:DESP) Position Lowered by Northern Trust Corp

Northern Trust Corp reduced its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 376,649 shares of the company's stock after selling 22,094 shares during the quarter. Northern Trust Corp owned approximately 0.45% of Despegar.com worth $7,250,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in DESP. Lonestar Capital Management LLC bought a new stake in shares of Despegar.com during the 4th quarter worth about $6,410,000. Aquatic Capital Management LLC lifted its position in shares of Despegar.com by 450.4% in the fourth quarter. Aquatic Capital Management LLC now owns 32,472 shares of the company's stock worth $625,000 after purchasing an additional 26,572 shares in the last quarter. Boothbay Fund Management LLC grew its stake in Despegar.com by 6.4% in the fourth quarter. Boothbay Fund Management LLC now owns 35,701 shares of the company's stock valued at $687,000 after purchasing an additional 2,141 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Despegar.com during the fourth quarter valued at approximately $1,714,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in shares of Despegar.com by 1.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company's stock worth $1,799,000 after buying an additional 1,010 shares during the last quarter. 67.93% of the stock is owned by institutional investors and hedge funds.

Despegar.com Price Performance

Shares of DESP stock opened at $19.50 on Tuesday. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55. The stock has a fifty day moving average price of $19.20 and a 200 day moving average price of $18.56. The stock has a market cap of $1.63 billion, a P/E ratio of -650.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last issued 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). The company 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 revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley lowered shares of 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.75.

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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