Deutsche Bank AG Purchases 17,839 Shares of Despegar.com, Corp. (NYSE:DESP)

Deutsche Bank AG grew its position in Despegar.com, Corp. (NYSE:DESP) by 39.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 63,513 shares of the company’s stock after buying an additional 17,839 shares during the period. Deutsche Bank AG owned 0.08% of Despegar.com worth $1,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DESP. Sterling Capital Management LLC increased its holdings in shares of Despegar.com by 756.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after acquiring an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Despegar.com in the 4th quarter valued at approximately $68,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Despegar.com during the 4th quarter worth approximately $104,000. Quinn Opportunity Partners LLC acquired a new stake in Despegar.com during the 4th quarter worth approximately $194,000. Finally, OLD Mission Capital LLC acquired a new stake in Despegar.com during the 4th quarter worth approximately $221,000. Institutional investors own 67.93% of the company’s stock.

Despegar.com Price Performance

NYSE:DESP opened at $19.50 on Monday. The company has a market cap of $1.63 billion, a PE ratio of -650.00, a P/E/G ratio of 0.91 and a beta of 1.61. The firm’s 50 day simple moving average is $19.22 and its 200 day simple moving average is $18.69. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55.

Despegar.com (NYSE:DESP) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The business had revenue of $210.30 million during the quarter, compared to analyst estimates of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. Despegar.com’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts expect that Despegar.com, Corp. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded 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 company’s stock. Based on data from MarketBeat.com, Despegar.com currently has an average rating of “Hold” and a consensus target price of $16.75.

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.