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

Susquehanna Fundamental Investments LLC purchased a new position in Despegar.com, Corp. (NYSE:DESP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 89,019 shares of the company's stock, valued at approximately $1,714,000. Susquehanna Fundamental Investments LLC owned 0.11% of Despegar.com at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Despegar.com by 2,086.6% during the fourth 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 during the last quarter. Annex Advisory Services LLC purchased a new position in shares of Despegar.com in the fourth quarter worth $9,499,000. Invesco Ltd. lifted its holdings in shares of Despegar.com by 554.8% during the fourth quarter. Invesco Ltd. now owns 497,861 shares of the company's stock worth $9,584,000 after purchasing an additional 421,826 shares during the period. Emeth Value Capital LLC purchased a new stake in shares of Despegar.com in the 4th quarter valued at $7,154,000. Finally, Russell Investments Group Ltd. boosted its holdings in Despegar.com by 1,083.7% in the fourth quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company's stock valued at $7,202,000 after purchasing an additional 342,528 shares during the last quarter. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Despegar.com Stock Up 0.0 %

Despegar.com stock traded up $0.01 during mid-day trading on Tuesday, hitting $19.45. 774,378 shares of the company's stock traded hands, compared to its average volume of 1,617,488. The firm has a 50 day moving average price of $19.15 and a 200 day moving average price of $18.22. The company has a market cap of $1.63 billion, a PE ratio of -648.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a one year low of $9.25 and a one 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) EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). The business had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.40 million. Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The business's revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lowered shares of 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, the company presently has an average rating of "Hold" and a consensus target price of $17.20.

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.