Artisan Partners Limited Partnership lowered its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 61.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 794,712 shares of the company's stock after selling 1,259,239 shares during the period. Artisan Partners Limited Partnership owned about 0.95% of Despegar.com worth $15,298,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of DESP. Quantbot Technologies LP purchased a new stake in Despegar.com during the 4th quarter valued at approximately $935,000. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com during the fourth quarter valued at $68,000. Intech Investment Management LLC increased its holdings in Despegar.com by 72.4% in the 4th quarter. Intech Investment Management LLC now owns 34,960 shares of the company's stock valued at $673,000 after acquiring an additional 14,677 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Despegar.com during the 4th quarter valued at about $551,000. Finally, HighTower Advisors LLC grew its position in shares of Despegar.com by 107.0% during the fourth quarter. HighTower Advisors LLC now owns 22,121 shares of the company's stock valued at $426,000 after purchasing an additional 11,434 shares in the last quarter. Hedge funds and other institutional investors own 67.93% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on DESP. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. B. Riley downgraded 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 issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.20.
View Our Latest Analysis on Despegar.com
Despegar.com Trading Up 1.5 %
NYSE DESP traded up $0.28 during trading hours on Monday, hitting $18.79. 3,079,528 shares of the company were exchanged, compared to its average volume of 1,466,463. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55. The stock has a 50-day moving average price of $19.21 and a 200 day moving average price of $17.02.
Despegar.com Company Profile
(
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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