Channing Global Advisors LLC acquired a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,089 shares of the company's stock, valued at approximately $406,000.
Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Despegar.com during the 3rd quarter valued at $591,000. MayTech Global Investments LLC grew its holdings in Despegar.com by 23.1% during the 3rd quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company's stock valued at $13,661,000 after buying an additional 207,023 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Despegar.com during the 3rd quarter valued at $395,000. Barclays PLC grew its holdings in Despegar.com by 298.5% during the 3rd quarter. Barclays PLC now owns 91,888 shares of the company's stock valued at $1,139,000 after buying an additional 68,829 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Despegar.com by 76.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company's stock valued at $3,183,000 after buying an additional 111,233 shares during the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.
Despegar.com Price Performance
Shares of DESP stock traded up $0.08 during mid-day trading on Friday, hitting $19.33. 942,891 shares of the company's stock were exchanged, compared to its average volume of 1,691,961. Despegar.com, Corp. has a fifty-two week low of $8.29 and a fifty-two week high of $19.55. The stock has a 50-day simple moving average of $18.63 and a two-hundred day simple moving average of $15.28.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on DESP. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.20.
View Our Latest Stock Analysis on DESP
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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