63,164 Shares in Despegar.com Corp (DESP) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Despegar.com Corp (NYSE:DESP) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 63,164 shares of the company’s stock, valued at approximately $1,066,000.

Other hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. bought a new position in shares of Despegar.com during the third quarter worth approximately $8,044,000. Cohen Capital Management Inc. increased its holdings in shares of Despegar.com by 11.3% during the third quarter. Cohen Capital Management Inc. now owns 108,610 shares of the company’s stock worth $1,832,000 after purchasing an additional 11,000 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Despegar.com by 140.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,066 shares of the company’s stock worth $102,000 after purchasing an additional 3,538 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Despegar.com during the third quarter worth approximately $10,672,000. Finally, Albert D Mason Inc. increased its holdings in shares of Despegar.com by 39.3% during the third quarter. Albert D Mason Inc. now owns 26,565 shares of the company’s stock worth $448,000 after purchasing an additional 7,490 shares during the period. Hedge funds and other institutional investors own 66.55% of the company’s stock.

Shares of DESP opened at $14.13 on Friday. Despegar.com Corp has a 12 month low of $13.54 and a 12 month high of $36.56. The company has a market cap of $977.26 million, a PE ratio of 33.64 and a beta of -0.35.



Despegar.com (NYSE:DESP) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.15). The firm had revenue of $121.25 million for the quarter, compared to analyst estimates of $123.77 million. Despegar.com had a return on equity of 11.28% and a net margin of 5.25%. The business’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. On average, research analysts predict that Despegar.com Corp will post 0.36 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Despegar.com has an average rating of “Hold” and a consensus target price of $29.14.

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Despegar.com Company Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.

Further Reading: Institutional Investors

Want to see what other hedge funds are holding DESP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Despegar.com Corp (NYSE:DESP).

Institutional Ownership by Quarter for Despegar.com (NYSE:DESP)

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