Jacobs Levy Equity Management Inc. Decreases Stock Holdings in Despegar.com, Corp. (NYSE:DESP)

Jacobs Levy Equity Management Inc. decreased its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 88.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,918 shares of the company's stock after selling 481,636 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.08% of Despegar.com worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in Despegar.com by 39.1% in the 4th quarter. Deutsche Bank AG now owns 63,513 shares of the company's stock valued at $1,223,000 after purchasing an additional 17,839 shares during the last quarter. Dumac Inc. raised its stake in Despegar.com by 16.5% in the 4th quarter. Dumac Inc. now owns 253,762 shares of the company's stock valued at $4,885,000 after purchasing an additional 35,890 shares during the last quarter. Divisadero Street Capital Management LP increased its stake in shares of Despegar.com by 75.6% during the 4th quarter. Divisadero Street Capital Management LP now owns 751,513 shares of the company's stock valued at $14,467,000 after acquiring an additional 323,585 shares during the last quarter. Caption Management LLC increased its stake in shares of Despegar.com by 1,006.9% during the 4th quarter. Caption Management LLC now owns 221,383 shares of the company's stock valued at $4,262,000 after acquiring an additional 201,383 shares during the last quarter. Finally, Bosun Asset Management LLC increased its stake in shares of Despegar.com by 152.7% during the 4th quarter. Bosun Asset Management LLC now owns 149,454 shares of the company's stock valued at $2,877,000 after acquiring an additional 90,305 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.

Despegar.com Stock Performance

Shares of NYSE DESP remained flat at $19.50 on Thursday. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The company has a 50-day simple moving average of $19.21 and a 200 day simple moving average of $18.57. The company has a market capitalization of $1.63 billion, a P/E 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 posted 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). Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business had revenue of $210.30 million during the quarter, compared to analysts' expectations of $212.40 million. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities analysts predict 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 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's stock. According to MarketBeat, the stock presently has an average 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.