Charles Schwab Investment Management Inc. cut its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235,802 shares of the company's stock after selling 20,924 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.28% of Despegar.com worth $4,539,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in DESP. Quarry LP increased its holdings in Despegar.com by 107.1% during the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after purchasing an additional 1,432 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com during the third quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Despegar.com in the fourth quarter valued at $104,000. FMR LLC bought a new position in shares of Despegar.com in the third quarter valued at about $173,000. Finally, Intech Investment Management LLC acquired a new position in Despegar.com during the 3rd quarter worth about $252,000. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Stock Down 3.3 %
Shares of NYSE:DESP traded down $0.62 during trading on Friday, hitting $18.52. 12,138,708 shares of the company's stock were exchanged, compared to its average volume of 1,460,011. The firm has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $16.98. Despegar.com, Corp. has a 1-year low of $9.25 and a 1-year high of $19.55.
Analyst Ratings Changes
A number of brokerages have weighed in on DESP. TD Cowen raised shares of Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley raised their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Finally, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Despegar.com presently has an average rating of "Hold" and a consensus price target of $17.20.
View Our Latest Stock Report 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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