Quadrature Capital Ltd Raises Holdings in Despegar.com, Corp. (NYSE:DESP)

Quadrature Capital Ltd grew its position in shares of Despegar.com, Corp. (NYSE:DESP) by 108.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,891 shares of the company’s stock after purchasing an additional 96,739 shares during the quarter. Quadrature Capital Ltd owned approximately 0.28% of Despegar.com worth $2,220,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DESP. Altfest L J & Co. Inc. purchased a new position in shares of Despegar.com during the fourth quarter worth about $438,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Despegar.com by 43.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 292,005 shares of the company’s stock valued at $2,762,000 after purchasing an additional 88,269 shares during the period. O Brien Greene & Co. Inc acquired a new stake in Despegar.com in the fourth quarter valued at about $842,000. Fourth Sail Capital LP acquired a new stake in Despegar.com in the fourth quarter valued at about $12,954,000. Finally, TimesSquare Capital Management LLC lifted its position in shares of Despegar.com by 27.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 396,400 shares of the company’s stock valued at $3,750,000 after acquiring an additional 85,600 shares during the period. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Despegar.com from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Citigroup lifted their price target on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, B. Riley lifted their price target on shares of Despegar.com from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, May 17th.

Despegar.com Trading Up 0.1 %

Shares of Despegar.com stock traded up $0.01 during trading on Friday, hitting $11.71. 723,101 shares of the company were exchanged, compared to its average volume of 1,265,206. Despegar.com, Corp. has a fifty-two week low of $6.09 and a fifty-two week high of $15.82. The firm has a 50 day moving average price of $13.76 and a 200 day moving average price of $11.69.

Despegar.com (NYSE:DESP) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. Despegar.com had a negative return on equity of 44.06% and a net margin of 5.41%. The firm had revenue of $173.66 million during the quarter, compared to the consensus estimate of $172.23 million. Sell-side analysts anticipate that Despegar.com, Corp. will post 0.83 EPS 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.