MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 925,500 Shares of Despegar.com, Corp. (NYSE:DESP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 106.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,793,424 shares of the company's stock after purchasing an additional 925,500 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.14% of Despegar.com worth $34,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its position in Despegar.com by 2,086.6% during 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. boosted its position in Despegar.com by 2,020.9% during 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 boosted its position in 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 in the last quarter. Invesco Ltd. boosted its position in Despegar.com by 554.8% during 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 bought a new stake in Despegar.com during the 4th quarter valued at approximately $9,499,000. 67.93% of the stock is owned by institutional investors.

Despegar.com Stock Performance

Shares of DESP remained flat at $19.50 during mid-day trading on Friday. The business has a 50-day moving average of $19.20 and a 200 day moving average of $18.47. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55. The company has a market capitalization of $1.63 billion, a P/E ratio of -650.00, a PEG ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) 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 during the quarter, compared to the consensus estimate of $212.40 million. Despegar.com's quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley cut Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.20.

About Despegar.com

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.