Barclays PLC grew its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 298.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 91,888 shares of the company's stock after purchasing an additional 68,829 shares during the period. Barclays PLC owned about 0.14% of Despegar.com worth $1,139,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TT International Asset Management LTD purchased a new stake in shares of Despegar.com in the third quarter valued at about $8,763,000. O Brien Greene & Co. Inc grew its position in Despegar.com by 4.1% in the 3rd quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company's stock worth $1,252,000 after purchasing an additional 4,000 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its stake in Despegar.com by 40.0% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 35,000 shares of the company's stock valued at $434,000 after buying an additional 10,000 shares during the last quarter. Anson Funds Management LP lifted its position in shares of Despegar.com by 61.6% during the 3rd quarter. Anson Funds Management LP now owns 196,766 shares of the company's stock worth $2,440,000 after buying an additional 75,000 shares in the last quarter. Finally, State Street Corp boosted its stake 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 buying an additional 261,991 shares during the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on DESP shares. Morgan Stanley lifted their price target on Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a report 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.20.
Read Our Latest Analysis on Despegar.com
Despegar.com Stock Performance
NYSE:DESP traded down $0.02 during trading hours on Tuesday, reaching $19.14. The stock had a trading volume of 1,261,767 shares, compared to its average volume of 3,485,121. The stock has a 50 day simple moving average of $17.44 and a 200 day simple moving average of $14.26. Despegar.com, Corp. has a 12-month low of $8.06 and a 12-month 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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