Despegar.com, Corp. (NYSE:DESP) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in Despegar.com, Corp. (NYSE:DESP) by 35.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,090 shares of the company’s stock after buying an additional 31,750 shares during the quarter. Lazard Asset Management LLC’s holdings in Despegar.com were worth $2,350,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LMR Partners LLP acquired a new stake in shares of Despegar.com in the fourth quarter valued at $962,000. Deutsche Bank AG lifted its holdings in shares of Despegar.com by 39.1% in the fourth quarter. Deutsche Bank AG now owns 63,513 shares of the company’s stock valued at $1,223,000 after buying an additional 17,839 shares during the period. Dumac Inc. lifted its holdings in shares of Despegar.com by 16.5% in the fourth quarter. Dumac Inc. now owns 253,762 shares of the company’s stock valued at $4,885,000 after buying an additional 35,890 shares during the period. Divisadero Street Capital Management LP lifted its holdings in shares of Despegar.com by 75.6% in the fourth quarter. Divisadero Street Capital Management LP now owns 751,513 shares of the company’s stock valued at $14,467,000 after buying an additional 323,585 shares during the period. Finally, Caption Management LLC lifted its holdings in shares of Despegar.com by 1,006.9% in the fourth quarter. Caption Management LLC now owns 221,383 shares of the company’s stock valued at $4,262,000 after buying an additional 201,383 shares during the period. Institutional investors and hedge funds own 67.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.75.

Despegar.com Price Performance

Shares of Despegar.com stock opened at $19.50 on Friday. The stock’s fifty day moving average is $19.20 and its 200-day moving average is $18.50. The firm has a market capitalization of $1.63 billion, a PE ratio of -650.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55.

Despegar.com (NYSE:DESP) last announced its earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The company had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.40 million. Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The firm’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that Despegar.com, Corp. will post 0.87 EPS for the current 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.