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

Tudor Investment Corp ET AL reduced its holdings in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 160,185 shares of the company's stock after selling 90,677 shares during the period. Tudor Investment Corp ET AL owned about 0.19% of Despegar.com worth $3,084,000 at the end of the most recent quarter.

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

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 note 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 data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.20.

Despegar.com Stock Up 0.2 %

Shares of NYSE DESP traded up $0.03 during midday trading on Tuesday, hitting $19.47. The stock had a trading volume of 4,278,054 shares, compared to its average volume of 1,631,354. The stock has a 50 day simple moving average of $19.15 and a 200-day simple moving average of $18.22. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. The company has a market capitalization of $1.63 billion, a PE ratio of -649.00, a P/E/G ratio of 0.91 and a beta of 1.61.

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). Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The company 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. As a group, analysts expect that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

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.