Baader Bank Aktiengesellschaft Purchases 15,500 Shares of Despegar.com, Corp. (NYSE:DESP)

Baader Bank Aktiengesellschaft increased its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 67.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,500 shares of the company’s stock after acquiring an additional 15,500 shares during the quarter. Baader Bank Aktiengesellschaft owned approximately 0.06% of Despegar.com worth $509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quadrature Capital Ltd raised its holdings in Despegar.com by 108.5% during the first quarter. Quadrature Capital Ltd now owns 185,891 shares of the company’s stock worth $2,220,000 after buying an additional 96,739 shares during the last quarter. Yarra Square Partners LP acquired a new position in Despegar.com during the first quarter worth $4,605,000. Tidal Investments LLC acquired a new position in Despegar.com during the first quarter worth $4,534,000. TimesSquare Capital Management LLC raised its holdings in Despegar.com by 27.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 396,400 shares of the company’s stock worth $3,750,000 after buying an additional 85,600 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Despegar.com during the first quarter worth $3,138,000. 67.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on DESP shares. B. Riley increased their target price on shares of Despegar.com from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, May 17th. Citigroup increased their target price on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Cantor Fitzgerald increased their target price on shares of Despegar.com from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, May 17th.

Despegar.com Price Performance

Shares of DESP stock traded up $0.33 during trading hours on Thursday, reaching $10.98. The stock had a trading volume of 1,827,222 shares, compared to its average volume of 910,067. The stock’s fifty day simple moving average is $12.64 and its 200 day simple moving average is $11.81. Despegar.com, Corp. has a 12 month low of $6.09 and a 12 month high of $15.82.

Despegar.com (NYSE:DESP) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $173.66 million during the quarter, compared to analyst estimates of $172.23 million. Despegar.com had a net margin of 5.41% and a negative return on equity of 44.06%. As a group, sell-side analysts predict that Despegar.com, Corp. will post 0.83 earnings per share for the current fiscal year.

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.