Barclays PLC grew its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 298.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,888 shares of the company's stock after buying an additional 68,829 shares during the period. Barclays PLC owned 0.14% of Despegar.com worth $1,139,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Amalgamated Bank purchased a new stake in shares of Despegar.com during the 2nd quarter valued at $28,000. Quarry LP increased its position in shares of Despegar.com by 107.1% during the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after purchasing an additional 1,432 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Despegar.com during the 3rd quarter valued at about $56,000. Sanctuary Advisors LLC bought a new stake in Despegar.com in the 2nd quarter worth approximately $128,000. Finally, MQS Management LLC purchased a new stake in Despegar.com in the second quarter worth approximately $136,000. 67.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
DESP has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.
Check Out Our Latest Stock Analysis on Despegar.com
Despegar.com Price Performance
NYSE DESP traded down $0.09 during mid-day trading on Monday, reaching $19.28. The stock had a trading volume of 1,740,600 shares, compared to its average volume of 1,008,749. The company has a fifty day moving average price of $16.53 and a 200 day moving average price of $13.85. Despegar.com, Corp. has a 1 year low of $8.06 and a 1 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.
See Also
Before you consider Despegar.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Despegar.com wasn't on the list.
While Despegar.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
