LMR Partners LLP Purchases Shares of 50,000 Despegar.com, Corp. (NYSE:DESP)

LMR Partners LLP purchased a new stake in Despegar.com, Corp. (NYSE:DESP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $962,000. LMR Partners LLP owned 0.06% of Despegar.com at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Despegar.com by 298.5% during the third quarter. Barclays PLC now owns 91,888 shares of the company’s stock worth $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Annex Advisory Services LLC bought a new position in Despegar.com in the fourth quarter valued at about $9,499,000. SG Americas Securities LLC boosted its holdings in Despegar.com by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 28,939 shares of the company’s stock valued at $557,000 after acquiring an additional 18,872 shares during the last quarter. Emeth Value Capital LLC bought a new position in Despegar.com in the fourth quarter valued at about $7,154,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Despegar.com in the fourth quarter valued at about $104,000. 67.93% of the stock is currently owned by institutional investors.

Despegar.com Trading Up 0.1%

Shares of NYSE DESP opened at $19.48 on Wednesday. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55. The stock has a 50 day moving average of $19.18 and a 200-day moving average of $18.39. The company has a market capitalization of $1.63 billion, a P/E ratio of -649.33, a P/E/G ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP) last issued its earnings results on Tuesday, April 29th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.61). The business had revenue of $210.30 million for the quarter, compared to the consensus estimate of $212.40 million. Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts predict that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley cut 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.20.

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.