Despegar.com, Corp. (NYSE:DESP) Holdings Raised by Hood River Capital Management LLC

Hood River Capital Management LLC lifted its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 84.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,921 shares of the company's stock after acquiring an additional 13,210 shares during the quarter. Hood River Capital Management LLC's holdings in Despegar.com were worth $557,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DESP. Sterling Capital Management LLC raised its position 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 last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Despegar.com in the 4th quarter worth about $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Despegar.com in the 4th quarter worth about $104,000. Quinn Opportunity Partners LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at about $194,000. Finally, OLD Mission Capital LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 67.93% of the company's stock.

Despegar.com Stock Performance

Despegar.com stock traded down $0.01 during midday trading on Tuesday, hitting $19.43. 1,519,219 shares of the company were exchanged, compared to its average volume of 1,587,270. The company's fifty day moving average price is $19.14 and its 200-day moving average price is $18.01. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.15). 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. Despegar.com's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts expect that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley lowered Despegar.com from a "strong-buy" rating to a "hold" rating in a research note 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. Based on data from MarketBeat, Despegar.com currently has a consensus rating of "Hold" and an average 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.