Arrowstreet Capital Limited Partnership grew its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 2,086.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,137,974 shares of the company's stock after buying an additional 1,085,931 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.36% of Despegar.com worth $21,906,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in DESP. Franklin Resources Inc. purchased a new stake in Despegar.com during the third quarter valued at about $395,000. Barclays PLC increased its position in shares of Despegar.com by 298.5% during the 3rd quarter. Barclays PLC now owns 91,888 shares of the company's stock valued at $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Despegar.com during the 3rd quarter valued at about $591,000. Charles Schwab Investment Management Inc. lifted its position in Despegar.com by 76.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company's stock worth $3,183,000 after buying an additional 111,233 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Despegar.com by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after buying an additional 18,872 shares in the last quarter. 67.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. TD Cowen raised shares of Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.20.
Get Our Latest Report on DESP
Despegar.com Stock Down 0.3 %
Shares of Despegar.com stock traded down $0.07 on Tuesday, hitting $18.96. The stock had a trading volume of 4,061,583 shares, compared to its average volume of 1,534,011. The stock's 50-day simple moving average is $19.17 and its two-hundred day simple moving average is $17.35. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55.
About Despegar.com
(
Free Report)
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.
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