Despegar.com, Corp. (NYSE:DESP) Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 1,779.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,917 shares of the company’s stock after acquiring an additional 1,815 shares during the quarter. GAMMA Investing LLC’s holdings in Despegar.com were worth $36,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sylebra Capital LLC boosted its stake in shares of Despegar.com by 0.3% during the 4th quarter. Sylebra Capital LLC now owns 2,931,213 shares of the company’s stock worth $56,426,000 after acquiring an additional 7,938 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Despegar.com during the 4th quarter worth $770,000. BCK Capital Management LP acquired a new stake in shares of Despegar.com in the fourth quarter worth $1,067,000. Voloridge Investment Management LLC boosted its position in shares of Despegar.com by 229.1% in the fourth quarter. Voloridge Investment Management LLC now owns 757,972 shares of the company’s stock worth $14,591,000 after buying an additional 527,683 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Despegar.com by 13.8% in the fourth quarter. Two Sigma Advisers LP now owns 221,800 shares of the company’s stock worth $4,270,000 after buying an additional 26,900 shares during the period. 67.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

Despegar.com Price Performance

Shares of Despegar.com stock opened at $19.50 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of -650.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. The business has a fifty day simple moving average of $19.45 and a 200-day simple moving average of $19.08. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55.

Despegar.com (NYSE:DESP) last released 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 firm had revenue of $210.30 million for 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% compared to the same quarter last year. Analysts expect 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.