US Bancorp DE Makes New $332,000 Investment in Despegar.com, Corp. (NYSE:DESP)

US Bancorp DE acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,789 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in shares of Despegar.com in the second quarter valued at about $1,102,000. Quadrature Capital Ltd boosted its holdings in shares of Despegar.com by 108.5% in the first quarter. Quadrature Capital Ltd now owns 185,891 shares of the company’s stock valued at $2,220,000 after acquiring an additional 96,739 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Despegar.com in the first quarter valued at about $4,534,000. Acadian Asset Management LLC purchased a new stake in shares of Despegar.com in the first quarter valued at about $3,138,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Despegar.com in the second quarter valued at about $2,006,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DESP has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Despegar.com from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $17.00 price objective on shares of Despegar.com in a report on Friday, August 16th. Finally, Citigroup boosted their price objective on shares of Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd.

Despegar.com Trading Down 3.0 %

DESP opened at $14.69 on Wednesday. Despegar.com, Corp. has a 52-week low of $6.75 and a 52-week high of $15.82. The company has a 50 day moving average of $13.37 and a two-hundred day moving average of $13.00.

Despegar.com (NYSE:DESP) last announced its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $185.05 million during the quarter, compared to the consensus estimate of $184.35 million. Despegar.com had a net margin of 3.30% and a negative return on equity of 62.18%. On average, research analysts expect that Despegar.com, Corp. will post 0.81 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.