Despegar.com (NYSE:DESP - Get Free Report) was downgraded by analysts at B. Riley from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday, MarketBeat Ratings reports.
DESP has been the topic of several other reports. Morgan Stanley upped their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $17.20.
Read Our Latest Stock Analysis on Despegar.com
Despegar.com Stock Performance
NYSE DESP traded up $0.02 on Wednesday, hitting $19.23. 4,666,206 shares of the company's stock traded hands, compared to its average volume of 1,337,559. The firm's 50-day moving average price is $19.21 and its two-hundred day moving average price is $16.31. Despegar.com has a 1-year low of $9.25 and a 1-year high of $19.55.
Hedge Funds Weigh In On Despegar.com
A number of large investors have recently bought and sold shares of DESP. Sylebra Capital LLC increased its position in shares of Despegar.com by 62.8% in the fourth quarter. Sylebra Capital LLC now owns 4,760,433 shares of the company's stock valued at $91,638,000 after buying an additional 1,837,158 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Despegar.com by 428.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,381,714 shares of the company's stock worth $45,848,000 after acquiring an additional 1,931,033 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in Despegar.com by 1.3% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 2,099,156 shares of the company's stock worth $26,030,000 after acquiring an additional 26,443 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Despegar.com by 106.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,793,424 shares of the company's stock worth $34,523,000 after acquiring an additional 925,500 shares during the period. Finally, Woodson Capital Management LP lifted its holdings in Despegar.com by 78.4% during the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company's stock valued at $17,694,000 after purchasing an additional 626,952 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.
About Despegar.com
(
Get 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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