Atom Investors LP Sells 30,225 Shares of Despegar.com, Corp. (NYSE:DESP)

Atom Investors LP lowered its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,481 shares of the company's stock after selling 30,225 shares during the quarter. Atom Investors LP owned about 0.59% of Despegar.com worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sylebra Capital LLC increased its stake in shares of Despegar.com by 72.5% during the second quarter. Sylebra Capital LLC now owns 2,923,275 shares of the company's stock valued at $38,675,000 after acquiring an additional 1,228,824 shares during the period. Coronation Fund Managers Ltd. acquired a new position in shares of Despegar.com during the 2nd quarter valued at $15,680,000. Itau Unibanco Holding S.A. increased its position in shares of Despegar.com by 107.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company's stock valued at $26,446,000 after purchasing an additional 1,071,213 shares during the period. MayTech Global Investments LLC bought a new stake in shares of Despegar.com in the 2nd quarter worth $11,836,000. Finally, Woodson Capital Management LP lifted its holdings in shares of Despegar.com by 78.4% in the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company's stock valued at $17,694,000 after buying an additional 626,952 shares during the period. Institutional investors own 67.93% of the company's stock.

Despegar.com Trading Down 0.9 %

Shares of NYSE:DESP traded down $0.16 during trading on Monday, reaching $17.73. 740,642 shares of the company traded hands, compared to its average volume of 936,057. Despegar.com, Corp. has a 1-year low of $8.02 and a 1-year high of $19.00. The firm has a fifty day simple moving average of $14.70 and a 200 day simple moving average of $13.45.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $17.00 price objective on shares of Despegar.com in a research note on Friday, August 16th. TD Cowen lowered shares of Despegar.com from a "buy" rating to a "sell" rating and lifted their price target for the stock from $12.00 to $14.00 in a research report on Monday, November 25th. Finally, Morgan Stanley increased their price objective on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.20.

Despegar.com Profile

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.