OneDigital Investment Advisors LLC Sells 137,349 Shares of Despegar.com, Corp. (NYSE:DESP)

OneDigital Investment Advisors LLC decreased its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,062 shares of the company's stock after selling 137,349 shares during the quarter. OneDigital Investment Advisors LLC owned approximately 0.11% of Despegar.com worth $1,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in Despegar.com in the third quarter worth $395,000. Barclays PLC raised its position in shares of Despegar.com by 298.5% in the 3rd quarter. Barclays PLC now owns 91,888 shares of the company's stock worth $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Principal Financial Group Inc. bought a new position in Despegar.com in the 3rd quarter worth about $591,000. SG Americas Securities LLC boosted its stake in Despegar.com by 187.5% in the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after purchasing an additional 18,872 shares in the last quarter. Finally, Invesco Ltd. grew 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 purchasing an additional 421,826 shares during the last quarter. Hedge funds and other institutional investors own 67.93% of the company's stock.

Analysts Set New Price Targets

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

Despegar.com Trading Down 0.0 %

Shares of Despegar.com stock traded down $0.01 during trading on Tuesday, hitting $19.43. 1,503,584 shares of the company's stock traded hands, compared to its average volume of 1,587,175. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. The business has a 50-day simple moving average of $19.14 and a 200-day simple moving average of $18.01.

Despegar.com (NYSE:DESP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The company had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.40 million. Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The company's revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Despegar.com, Corp. will post 0.87 EPS for the current year.

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.