Despegar.com, Corp. (NYSE:DESP) Holdings Raised by Quadrature Capital Ltd

Quadrature Capital Ltd increased its position in shares of Despegar.com, Corp. (NYSE:DESP) by 107.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 89,152 shares of the company’s stock after buying an additional 46,140 shares during the quarter. Quadrature Capital Ltd’s holdings in Despegar.com were worth $842,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC bought a new position in shares of Despegar.com in the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its holdings in Despegar.com by 83.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock valued at $44,000 after acquiring an additional 2,104 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Despegar.com in the fourth quarter valued at about $99,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Despegar.com during the 4th quarter worth about $189,000. Finally, Banco BTG Pactual S.A. acquired a new stake in Despegar.com in the 4th quarter valued at approximately $194,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DESP shares. Cantor Fitzgerald raised their price objective on shares of Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. B. Riley raised their price target on shares of Despegar.com from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Citigroup reiterated a “neutral” rating and issued a $14.50 target price (up previously from $11.50) on shares of Despegar.com in a research note on Monday, April 29th.

Despegar.com Price Performance

NYSE:DESP opened at $13.26 on Friday. The firm has a 50-day moving average price of $13.41 and a 200 day moving average price of $10.97. Despegar.com, Corp. has a 12-month low of $6.09 and a 12-month high of $15.82.

Despegar.com (NYSE:DESP) last posted its earnings results on Thursday, May 16th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $173.66 million during the quarter, compared to analysts’ expectations of $172.23 million. Despegar.com had a net margin of 5.41% and a negative return on equity of 44.06%. As a group, equities analysts anticipate that Despegar.com, Corp. will post 0.76 EPS for the current year.

Despegar.com Company 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.