MQS Management LLC Invests $136,000 in Despegar.com, Corp. (NYSE:DESP)

MQS Management LLC purchased a new stake in shares of Despegar.com, Corp. (NYSE:DESP) during the second quarter, HoldingsChannel.com reports. The firm purchased 10,284 shares of the company’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sylebra Capital LLC grew its position in shares of Despegar.com by 236.2% in the 1st quarter. Sylebra Capital LLC now owns 1,694,451 shares of the company’s stock worth $20,266,000 after buying an additional 1,190,463 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in Despegar.com in the second quarter worth $15,680,000. MayTech Global Investments LLC bought a new stake in Despegar.com in the second quarter valued at $11,836,000. Norges Bank purchased a new position in Despegar.com during the 4th quarter valued at $6,622,000. Finally, Woodson Capital Management LP bought a new position in Despegar.com in the 1st quarter worth $5,980,000. Institutional investors own 67.93% of the company’s stock.

Despegar.com Price Performance

Shares of NYSE DESP opened at $12.48 on Friday. Despegar.com, Corp. has a 1 year low of $6.09 and a 1 year high of $15.82. The firm has a 50-day moving average of $11.75 and a 200 day moving average of $12.41.

Despegar.com (NYSE:DESP) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. The firm had revenue of $185.05 million for the quarter, compared to analysts’ expectations of $184.35 million. On average, equities analysts forecast that Despegar.com, Corp. will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. TD Cowen lifted their price objective on Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a research report on Friday, August 16th.

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.