LMR Partners LLP Buys New Stake in Despegar.com, Corp. (NYSE:DESP)

LMR Partners LLP bought a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company's stock, valued at approximately $962,000. LMR Partners LLP owned approximately 0.06% of Despegar.com as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Despegar.com by 2,086.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company's stock valued at $21,906,000 after acquiring an additional 1,085,931 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Despegar.com by 2,020.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,070,723 shares of the company's stock valued at $20,611,000 after acquiring an additional 1,020,238 shares in the last quarter. Divisadero Street Capital Management LP lifted its position in shares of Despegar.com by 75.6% in 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 in the last quarter. Invesco Ltd. lifted its position in shares of Despegar.com by 554.8% in the 4th quarter. Invesco Ltd. now owns 497,861 shares of the company's stock valued at $9,584,000 after acquiring an additional 421,826 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in Despegar.com in the 4th quarter worth approximately $9,499,000. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley downgraded 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.com, Despegar.com presently has an average rating of "Hold" and an average price target of $17.20.

Despegar.com Price Performance

DESP stock remained flat at $19.50 during midday trading on Friday. The business's fifty day moving average price is $19.20 and its 200 day moving average price is $18.47. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55. The firm has a market capitalization 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 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 negative return on equity of 58.97% and a net margin of 4.45%. The business had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.40 million. The business's revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

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.