Susquehanna Fundamental Investments LLC Buys Shares of 89,019 Despegar.com, Corp. (NYSE:DESP)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 89,019 shares of the company's stock, valued at approximately $1,714,000. Susquehanna Fundamental Investments LLC owned about 0.11% of Despegar.com at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC increased its stake in Despegar.com by 1.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company's stock worth $1,799,000 after purchasing an additional 1,010 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Despegar.com by 756.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after acquiring an additional 1,506 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Despegar.com by 13.7% during the fourth quarter. Legal & General Group Plc now owns 13,199 shares of the company's stock valued at $254,000 after acquiring an additional 1,588 shares during the period. MetLife Investment Management LLC lifted its position in shares of Despegar.com by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 37,706 shares of the company's stock valued at $726,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Despegar.com in the 4th quarter worth approximately $68,000. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Despegar.com Trading Down 0.1 %

DESP stock traded down $0.02 during midday trading on Friday, reaching $19.43. The company had a trading volume of 2,497,480 shares, compared to its average volume of 1,617,880. The company has a 50 day moving average of $19.15 and a two-hundred day moving average of $18.16. The company has a market capitalization of $1.62 billion, a P/E ratio of -647.50, a PEG ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55.

Despegar.com (NYSE:DESP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share (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 firm had revenue of $210.30 million for the quarter, compared to analysts' expectations of $212.40 million. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Despegar.com, Corp. will post 0.87 earnings per share for the current year.

Despegar.com Company 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.