Intech Investment Management LLC grew its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 72.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,960 shares of the company's stock after acquiring an additional 14,677 shares during the quarter. Intech Investment Management LLC's holdings in Despegar.com were worth $673,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of DESP. Quarry LP boosted its stake in Despegar.com by 107.1% in the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock worth $34,000 after purchasing an additional 1,432 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Despegar.com during the third quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Despegar.com in the 4th quarter valued at $104,000. FMR LLC purchased a new position in Despegar.com in the 3rd quarter worth $173,000. Finally, Blankinship & Foster LLC acquired a new stake in Despegar.com during the 3rd quarter worth about $288,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Wall Street Analysts Forecast Growth
DESP has been the topic of a number of research reports. Morgan Stanley increased their price objective on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Despegar.com currently has an average rating of "Hold" and an average target price of $17.20.
Read Our Latest Stock Analysis on DESP
Despegar.com Stock Down 0.0 %
Shares of DESP traded down $0.01 during mid-day trading on Thursday, reaching $19.15. The company had a trading volume of 1,709,542 shares, compared to its average volume of 1,391,873. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The stock has a 50 day moving average of $19.23 and a two-hundred day moving average of $16.89.
Despegar.com Company 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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