Amundi lowered its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,257 shares of the company's stock after selling 41,156 shares during the period. Amundi owned about 0.29% of Despegar.com worth $4,622,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DESP. Quarry LP lifted its stake in Despegar.com by 107.1% in the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after acquiring an additional 1,432 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com in the third quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Despegar.com during the fourth quarter worth $104,000. FMR LLC bought a new position in Despegar.com in the third quarter valued at $173,000. Finally, Intech Investment Management LLC acquired a new stake in Despegar.com in the 3rd quarter valued at $252,000. 67.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Morgan Stanley increased 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. B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research report 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 stock. According to data from MarketBeat, Despegar.com presently has a consensus rating of "Hold" and a consensus price target of $17.20.
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Despegar.com Stock Down 0.0 %
NYSE DESP traded down $0.01 during trading on Wednesday, hitting $19.22. 3,667,784 shares of the company's stock were exchanged, compared to its average volume of 2,194,021. The stock's 50 day moving average price is $19.22 and its two-hundred day moving average price is $16.62. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.
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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