Charles Schwab Investment Management Inc. Acquires 111,233 Shares of Despegar.com, Corp. (NYSE:DESP)

Charles Schwab Investment Management Inc. lifted its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 76.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,726 shares of the company's stock after acquiring an additional 111,233 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.39% of Despegar.com worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DESP. Sylebra Capital LLC increased its holdings in Despegar.com by 72.5% in 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 in the last quarter. Itau Unibanco Holding S.A. increased its holdings in Despegar.com by 107.0% in the second quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company's stock worth $26,446,000 after purchasing an additional 1,071,213 shares in the last quarter. Coronation Fund Managers Ltd. bought a new stake in Despegar.com in the second quarter worth approximately $13,936,000. MayTech Global Investments LLC acquired a new stake in Despegar.com in the second quarter valued at approximately $11,836,000. Finally, Yarra Square Partners LP grew its stake in Despegar.com by 15.2% in the second quarter. Yarra Square Partners LP now owns 443,400 shares of the company's stock valued at $5,866,000 after acquiring an additional 58,400 shares during the period. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DESP has been the subject of a number of research reports. Morgan Stanley raised their price objective on 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 cut Despegar.com from a "buy" rating to a "sell" rating and raised their price objective for the company from $12.00 to $14.00 in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Despegar.com currently has a consensus rating of "Hold" and an average target price of $17.20.

Despegar.com Trading Up 1.5 %

Despegar.com stock traded up $0.25 during trading on Friday, hitting $17.13. 721,795 shares of the company were exchanged, compared to its average volume of 936,843. The business's 50 day moving average is $15.59 and its 200 day moving average is $13.62. Despegar.com, Corp. has a 52 week low of $8.06 and a 52 week high of $19.00.

Despegar.com 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.