BNP Paribas Financial Markets Sells 114,442 Shares of Despegar.com, Corp. (NYSE:DESP)

BNP Paribas Financial Markets trimmed its holdings in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 89.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,966 shares of the company's stock after selling 114,442 shares during the period. BNP Paribas Financial Markets' holdings in Despegar.com were worth $161,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new stake in Despegar.com during the second quarter valued at about $28,000. LRI Investments LLC acquired a new stake in shares of Despegar.com during the second quarter valued at approximately $87,000. Sanctuary Advisors LLC purchased a new stake in shares of Despegar.com in the 2nd quarter valued at approximately $128,000. MQS Management LLC acquired a new position in Despegar.com in the 2nd quarter worth approximately $136,000. Finally, Catalytic Wealth RIA LLC purchased a new position in Despegar.com during the 2nd quarter worth approximately $172,000. Institutional investors and hedge funds own 67.93% of the company's stock.

Despegar.com Trading Down 8.5 %

Shares of NYSE:DESP traded down $1.40 during trading on Wednesday, reaching $15.15. 1,304,522 shares of the company traded hands, compared to its average volume of 938,871. The firm has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $13.64. Despegar.com, Corp. has a 1-year low of $8.06 and a 1-year high of $19.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DESP shares. Morgan Stanley increased their target price on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. TD Cowen lowered Despegar.com from a "buy" rating to a "sell" rating and upped their price target for the company from $12.00 to $14.00 in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.20.

Despegar.com Company 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.