Centiva Capital LP acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,062 shares of the company's stock, valued at approximately $373,000.
Several other hedge funds have also added to or reduced their stakes in DESP. Sylebra Capital LLC boosted its position in Despegar.com by 72.5% during the second quarter. Sylebra Capital LLC now owns 2,923,275 shares of the company's stock worth $38,675,000 after purchasing an additional 1,228,824 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in Despegar.com by 107.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company's stock worth $26,446,000 after buying an additional 1,071,213 shares during the period. Woodson Capital Management LP grew its stake in Despegar.com by 78.4% in the 3rd quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company's stock valued at $17,694,000 after buying an additional 626,952 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new position in Despegar.com in the 2nd quarter valued at approximately $15,680,000. Finally, MayTech Global Investments LLC lifted its position in shares of Despegar.com by 23.1% during the third quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company's stock worth $13,661,000 after acquiring an additional 207,023 shares in the last quarter. Institutional investors own 67.93% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on DESP. TD Cowen cut Despegar.com from a "buy" rating to a "sell" rating and lifted their price target for the company from $12.00 to $14.00 in a research report on Monday, November 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $17.00 price target on shares of Despegar.com in a research report on Friday, August 16th. Finally, Morgan Stanley raised their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. 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 stock. According to data from MarketBeat.com, Despegar.com presently has a consensus rating of "Hold" and a consensus price target of $17.20.
Check Out Our Latest Stock Report on Despegar.com
Despegar.com Price Performance
NYSE DESP traded down $0.41 during trading on Tuesday, reaching $16.57. The company's stock had a trading volume of 632,258 shares, compared to its average volume of 938,006. The firm has a fifty day moving average of $15.35 and a 200 day moving average of $13.58. Despegar.com, Corp. has a one year low of $8.06 and a one year high of $19.00.
Despegar.com 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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