Despegar.com, Corp. (NYSE:DESP) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,185 shares of the company's stock after selling 90,677 shares during the period. Tudor Investment Corp ET AL owned approximately 0.19% of Despegar.com worth $3,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC increased its position in shares of Despegar.com by 450.4% in the 4th quarter. Aquatic Capital Management LLC now owns 32,472 shares of the company's stock valued at $625,000 after purchasing an additional 26,572 shares during the last quarter. Boothbay Fund Management LLC increased its position in Despegar.com by 6.4% in the 4th quarter. Boothbay Fund Management LLC now owns 35,701 shares of the company's stock valued at $687,000 after acquiring an additional 2,141 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Despegar.com in the 4th quarter valued at about $1,714,000. Gilder Gagnon Howe & Co. LLC grew its position in Despegar.com by 1.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company's stock worth $1,799,000 after buying an additional 1,010 shares during the period. Finally, Oberweis Asset Management Inc. boosted its stake in shares of Despegar.com by 41.3% during the 4th quarter. Oberweis Asset Management Inc. now owns 389,300 shares of the company's stock worth $7,494,000 after acquiring an additional 113,700 shares in the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Despegar.com Stock Up 0.1 %

Shares of DESP traded up $0.01 during trading hours on Thursday, reaching $19.47. 344,961 shares of the company traded hands, compared to its average volume of 1,619,319. The stock has a fifty day simple moving average of $19.16 and a 200 day simple moving average of $18.24. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55. The stock has a market capitalization of $1.63 billion, a PE ratio of -649.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last posted 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). The business had revenue of $210.30 million during the quarter, compared to analysts' expectations of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business's revenue for the quarter was up 8.7% on a year-over-year basis. Research analysts predict that Despegar.com, Corp. will post 0.87 EPS for the current fiscal 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.