Alpine Associates Management Inc. Makes New Investment in Despegar.com, Corp. (NYSE:DESP)

Alpine Associates Management Inc. acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 307,000 shares of the company's stock, valued at approximately $5,910,000. Alpine Associates Management Inc. owned 0.37% of Despegar.com at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. raised its stake in Despegar.com by 1.3% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 2,099,156 shares of the company's stock valued at $26,030,000 after acquiring an additional 26,443 shares during the period. Woodson Capital Management LP lifted its holdings in shares of Despegar.com by 78.4% during the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company's stock worth $17,694,000 after purchasing an additional 626,952 shares during the period. MayTech Global Investments LLC increased its position in Despegar.com by 23.1% during the 3rd quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company's stock valued at $13,661,000 after purchasing an additional 207,023 shares during the period. State Street Corp raised its position in shares of Despegar.com by 37.6% in the 3rd quarter. State Street Corp now owns 958,706 shares of the company's stock worth $11,888,000 after acquiring an additional 261,991 shares in the last quarter. Finally, TT International Asset Management LTD bought a new position in Despegar.com during the third quarter worth $8,763,000. Institutional investors own 67.93% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DESP shares. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley lifted their price objective on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Finally, B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.20.

Despegar.com Trading Down 0.1 %

Shares of NYSE DESP traded down $0.02 during mid-day trading on Thursday, reaching $19.21. The company had a trading volume of 3,517,505 shares, compared to its average volume of 1,353,656. The business's 50-day moving average is $19.21 and its 200-day moving average is $16.39. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.

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.