No Street GP LP Sells 30,000 Shares of Despegar.com, Corp. (NYSE:DESP)

No Street GP LP lessened its stake in Despegar.com, Corp. (NYSE:DESP) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,630,000 shares of the company’s stock after selling 30,000 shares during the quarter. Despegar.com comprises approximately 5.9% of No Street GP LP’s investment portfolio, making the stock its 5th biggest holding. No Street GP LP owned approximately 0.06% of Despegar.com worth $89,128,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in Despegar.com by 756.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after purchasing an additional 1,506 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com during the fourth quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Despegar.com in the fourth quarter valued at approximately $104,000. Quinn Opportunity Partners LLC bought a new position in Despegar.com in the fourth quarter valued at approximately $194,000. Finally, OLD Mission Capital LLC acquired a new stake in Despegar.com during the 4th quarter worth $221,000. 67.93% of the stock is owned by institutional investors.

Despegar.com Stock Performance

Shares of NYSE DESP opened at $19.48 on Wednesday. The firm has a 50 day moving average price of $19.18 and a 200 day moving average price of $18.39. The stock has a market cap 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, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55.

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

Analyst Upgrades and Downgrades

Separately, B. Riley lowered Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Despegar.com presently has a consensus rating of “Hold” and an average price target 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.