Invesco Ltd. grew its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 554.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,861 shares of the company's stock after buying an additional 421,826 shares during the period. Invesco Ltd. owned 0.60% of Despegar.com worth $9,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Despegar.com during the 4th quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Despegar.com during the 4th quarter valued at about $104,000. OLD Mission Capital LLC purchased a new stake in shares of Despegar.com during the 4th quarter valued at about $221,000. Cerity Partners LLC bought a new position in shares of Despegar.com in the 4th quarter valued at about $269,000. Finally, Channing Global Advisors LLC purchased a new position in Despegar.com in the fourth quarter worth about $406,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Despegar.com Trading Down 0.1 %
Shares of NYSE DESP traded down $0.01 during mid-day trading on Friday, reaching $19.14. The company had a trading volume of 766,521 shares, compared to its average volume of 1,577,316. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55. The business's 50-day moving average is $19.13 and its 200-day moving average is $17.93.
Analysts Set New Price Targets
Separately, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.20.
Get Our Latest Stock Analysis 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.
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