FNY Investment Advisers LLC Purchases Shares of 9,700 Despegar.com, Corp. (NYSE:DESP)

FNY Investment Advisers LLC purchased a new stake in Despegar.com, Corp. (NYSE:DESP) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,700 shares of the company’s stock, valued at approximately $182,000.

A number of other large investors have also recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC grew its position in Despegar.com by 1.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company’s stock valued at $1,799,000 after acquiring an additional 1,010 shares during the period. Sterling Capital Management LLC grew its position in Despegar.com by 756.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock valued at $33,000 after acquiring an additional 1,506 shares during the period. Legal & General Group Plc grew its position in Despegar.com by 13.7% in the fourth quarter. Legal & General Group Plc now owns 13,199 shares of the company’s stock valued at $254,000 after acquiring an additional 1,588 shares during the period. GAMMA Investing LLC grew its position in Despegar.com by 1,779.4% in the first quarter. GAMMA Investing LLC now owns 1,917 shares of the company’s stock valued at $36,000 after acquiring an additional 1,815 shares during the period. Finally, State of Wyoming grew its holdings in shares of Despegar.com by 107.9% during the fourth quarter. State of Wyoming now owns 3,846 shares of the company’s stock worth $74,000 after purchasing an additional 1,996 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors.

Despegar.com Stock Performance

Shares of DESP stock opened at $19.50 on Tuesday. The stock’s fifty day moving average is $19.38 and its 200-day moving average is $18.98. The stock has a market capitalization of $1.63 billion, a PE ratio of -650.00, a PEG ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.

Despegar.com (NYSE:DESP) last announced 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 business’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.75.

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.