24,959 Shares in Despegar.com, Corp. (NYSE:DESP) Acquired by Matthews International Capital Management LLC

Matthews International Capital Management LLC bought a new position in shares of Despegar.com, Corp. (NYSE:DESP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,959 shares of the company’s stock, valued at approximately $299,000.

Several other hedge funds have also added to or reduced their stakes in the business. Wealthsource Partners LLC increased its stake in shares of Despegar.com by 1.9% in the 4th quarter. Wealthsource Partners LLC now owns 59,799 shares of the company’s stock valued at $566,000 after acquiring an additional 1,122 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Despegar.com by 83.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock valued at $44,000 after acquiring an additional 2,104 shares in the last quarter. Tucker Asset Management LLC bought a new stake in shares of Despegar.com in the 4th quarter valued at $40,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Despegar.com in the 4th quarter valued at $99,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in Despegar.com by 117.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 29,739 shares of the company’s stock valued at $281,000 after purchasing an additional 16,054 shares in the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. B. Riley upped their price objective on shares of Despegar.com from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Citigroup restated a “neutral” rating and set a $14.50 price objective (up previously from $11.50) on shares of Despegar.com in a report on Monday, April 29th. Finally, Cantor Fitzgerald upped their price objective on shares of Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, May 17th.

Despegar.com Stock Performance

Shares of NYSE DESP traded down $0.68 during trading on Wednesday, hitting $12.50. The stock had a trading volume of 1,447,584 shares, compared to its average volume of 802,515. Despegar.com, Corp. has a 12 month low of $6.09 and a 12 month high of $15.82. The firm has a fifty day moving average of $13.51 and a two-hundred day moving average of $11.12.

Despegar.com (NYSE:DESP) last posted its earnings results 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 net margin of 5.41% and a negative return on equity of 44.06%. The firm had revenue of $173.66 million during the quarter, compared to analyst estimates of $172.23 million. As a group, equities research analysts predict 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.