State Street Corp boosted its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 37.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 958,706 shares of the company's stock after purchasing an additional 261,991 shares during the quarter. State Street Corp owned approximately 1.45% of Despegar.com worth $11,888,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of 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 in the last quarter. Amalgamated Bank bought a new position in shares of Despegar.com in the 2nd quarter valued at about $28,000. Point72 Asset Management L.P. purchased a new position in Despegar.com in the third quarter worth about $56,000. Hood River Capital Management LLC increased its stake in Despegar.com by 71.1% during the second quarter. Hood River Capital Management LLC now owns 14,461 shares of the company's stock worth $191,000 after acquiring an additional 6,011 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Despegar.com in the 2nd quarter worth approximately $128,000. 67.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DESP has been the subject of several analyst reports. Morgan Stanley raised their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.20.
Check Out Our Latest Report on Despegar.com
Despegar.com Stock Performance
NYSE DESP traded down $0.10 on Thursday, reaching $19.35. 1,797,067 shares of the company were exchanged, compared to its average volume of 1,002,489. Despegar.com, Corp. has a fifty-two week low of $8.06 and a fifty-two week high of $19.55. The business's fifty day moving average price is $16.24 and its 200 day moving average price is $13.75.
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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