Price T Rowe Associates Inc. MD Acquires 3,856 Shares of Despegar.com, Corp. (NYSE:DESP)

Price T Rowe Associates Inc. MD increased its position in Despegar.com, Corp. (NYSE:DESP) by 18.9% in the 4th quarter, Holdings Channel reports. The firm owned 24,210 shares of the company’s stock after buying an additional 3,856 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Despegar.com were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of DESP. Barclays PLC raised its stake in Despegar.com by 298.5% during the third quarter. Barclays PLC now owns 91,888 shares of the company’s stock worth $1,139,000 after acquiring an additional 68,829 shares in the last quarter. Annex Advisory Services LLC bought a new position in Despegar.com in the fourth quarter valued at about $9,499,000. SG Americas Securities LLC raised its position in shares of Despegar.com by 187.5% in the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company’s stock valued at $557,000 after acquiring an additional 18,872 shares during the period. Emeth Value Capital LLC acquired a new stake in shares of Despegar.com in the 4th quarter valued at approximately $7,154,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Despegar.com in the 4th quarter valued at approximately $104,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Despegar.com Stock Up 0.1%

Shares of DESP opened at $19.48 on Wednesday. Despegar.com, Corp. has a twelve month low of $9.25 and a twelve month high of $19.55. The company has a 50 day moving average of $19.18 and a 200-day moving average of $18.39. The stock has a market capitalization of $1.63 billion, a P/E ratio of -649.33, a P/E/G ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP) last released its earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share 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 firm had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.40 million. Despegar.com’s revenue 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 fiscal year.

Analysts Set New Price Targets

Separately, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.