Grandeur Peak Global Advisors LLC raised its position in Despegar Com Inc (NYSE:DESP) by 6,238.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,925 shares of the company’s stock after purchasing an additional 311,925 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in Despegar Com were worth $8,709,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Despegar Com during the fourth quarter worth approximately $142,000. Cubist Systematic Strategies LLC purchased a new position in shares of Despegar Com during the third quarter worth approximately $192,000. Nationwide Fund Advisors purchased a new position in shares of Despegar Com during the third quarter worth approximately $253,000. Malaga Cove Capital LLC purchased a new position in shares of Despegar Com during the fourth quarter worth approximately $274,000. Finally, SG Americas Securities LLC purchased a new position in shares of Despegar Com during the third quarter worth approximately $332,000. 74.24% of the stock is currently owned by institutional investors.

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Despegar Com stock opened at $32.05 on Thursday. Despegar Com Inc has a one year low of $22.73 and a one year high of $36.56.

Despegar Com (NYSE:DESP) last released its quarterly earnings data on Thursday, March 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The business had revenue of $144.00 million for the quarter, compared to the consensus estimate of $136.10 million. The company’s revenue was up 29.5% compared to the same quarter last year. sell-side analysts expect that Despegar Com Inc will post 0.79 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, December 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 target price (up from $32.00) on shares of Despegar Com in a research report on Friday, March 9th. R. F. Lafferty assumed coverage on shares of Despegar Com in a research report on Monday, March 12th. They set a “buy” rating and a $38.00 target price on the stock. UBS raised shares of Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, January 11th. Finally, Citigroup raised their target price on shares of Despegar Com from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, March 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $36.63.

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Despegar Com Company Profile

Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

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Institutional Ownership by Quarter for Despegar Com (NYSE:DESP)

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