429,887 Shares in Despegar.com, Corp. (NYSE:DESP) Acquired by TIG Advisors LLC

TIG Advisors LLC purchased a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 429,887 shares of the company's stock, valued at approximately $8,275,000. Despegar.com accounts for about 0.6% of TIG Advisors LLC's portfolio, making the stock its 28th largest holding. TIG Advisors LLC owned 0.51% of Despegar.com as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake 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 worth $21,906,000 after acquiring an additional 1,085,931 shares during the last quarter. Annex Advisory Services LLC purchased a new stake in Despegar.com in the 4th quarter valued at about $9,499,000. Invesco Ltd. lifted its position in Despegar.com by 554.8% in the fourth quarter. Invesco Ltd. now owns 497,861 shares of the company's stock valued at $9,584,000 after buying an additional 421,826 shares during the last quarter. Emeth Value Capital LLC purchased a new position in Despegar.com during the fourth quarter worth about $7,154,000. Finally, Russell Investments Group Ltd. increased its position in shares of Despegar.com by 1,083.7% during the fourth quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company's stock valued at $7,202,000 after acquiring an additional 342,528 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.

Despegar.com Stock Performance

Shares of DESP traded down $0.02 during mid-day trading on Friday, hitting $19.43. 2,497,480 shares of the company's stock were exchanged, compared to its average volume of 1,617,880. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -647.50, a P/E/G ratio of 0.91 and a beta of 1.61. The stock's 50-day moving average is $19.15 and its 200-day moving average is $18.16. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.

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 the consensus estimate of $0.42 by ($0.61). Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business had revenue of $210.30 million during the quarter, compared to analysts' expectations of $212.40 million. Despegar.com's revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley cut 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 data from MarketBeat, Despegar.com presently has an average rating of "Hold" and an average 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.