Counterpoint Mutual Funds LLC bought a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,636 shares of the company's stock, valued at approximately $551,000.
Other institutional investors also recently modified their holdings of the company. Quarry LP increased its holdings in Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after purchasing an additional 1,432 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com in the 3rd quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Despegar.com in the 4th quarter valued at approximately $104,000. FMR LLC bought a new position in Despegar.com during the 3rd quarter worth approximately $173,000. Finally, Intech Investment Management LLC bought a new position in Despegar.com during the 3rd quarter worth approximately $252,000. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Trading Down 0.0 %
Shares of NYSE:DESP traded down $0.01 during midday trading on Friday, reaching $19.24. 3,241,153 shares of the company were exchanged, compared to its average volume of 2,199,077. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55. The stock has a fifty day simple moving average of $19.23 and a two-hundred day simple moving average of $16.65.
Analyst Ratings Changes
Several research firms have weighed in on DESP. B. Riley lowered shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Finally, Morgan Stanley lifted their target price on Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.20.
View Our Latest Research Report on DESP
About Despegar.com
(
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.
Featured Stories
Before you consider Despegar.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Despegar.com wasn't on the list.
While Despegar.com currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
