87,628 Shares in Despegar.com, Corp. (NYSE:DESP) Purchased by Rhumbline Advisers

Rhumbline Advisers purchased a new position in shares of Despegar.com, Corp. (NYSE:DESP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 87,628 shares of the company’s stock, valued at approximately $1,159,000. Rhumbline Advisers owned about 0.13% of Despegar.com at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DESP. Sylebra Capital LLC boosted its position in Despegar.com by 236.2% during the first quarter. Sylebra Capital LLC now owns 1,694,451 shares of the company’s stock worth $20,266,000 after acquiring an additional 1,190,463 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in Despegar.com in the 2nd quarter valued at about $15,680,000. Norges Bank acquired a new position in Despegar.com in the 4th quarter valued at about $6,622,000. Woodson Capital Management LP acquired a new position in Despegar.com in the 1st quarter valued at about $5,980,000. Finally, Yarra Square Partners LP acquired a new position in Despegar.com in the 1st quarter valued at about $4,605,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DESP has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a report on Friday, August 16th. Citigroup boosted their target price on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, TD Cowen boosted their target price on shares of Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, August 20th.

Despegar.com Price Performance

Despegar.com stock opened at $12.48 on Monday. The company’s 50 day simple moving average is $11.75 and its 200-day simple moving average is $12.44. Despegar.com, Corp. has a 1 year low of $6.09 and a 1 year high of $15.82.

Despegar.com (NYSE:DESP) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Despegar.com had a net margin of 3.30% and a negative return on equity of 62.18%. The business had revenue of $185.05 million for the quarter, compared to the consensus estimate of $184.35 million. Analysts predict that Despegar.com, Corp. will post 0.75 earnings per share for the current fiscal year.

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.