Despegar.com, Corp. (NYSE:DESP - Get Free Report) saw strong trading volume on Wednesday . 3,258,071 shares changed hands during mid-day trading, an increase of 139% from the previous session's volume of 1,365,232 shares.The stock last traded at $19.20 and had previously closed at $19.22.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on DESP. TD Cowen raised shares of Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Morgan Stanley increased their price objective on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Finally, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.20.
Check Out Our Latest Research Report on DESP
Despegar.com Trading Down 0.0 %
The company has a 50-day moving average of $19.23 and a 200 day moving average of $16.73.
Institutional Investors Weigh In On Despegar.com
A number of hedge funds have recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC grew its position in Despegar.com by 1.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company's stock worth $1,799,000 after acquiring an additional 1,010 shares during the last quarter. Quarry LP raised its position in shares of Despegar.com by 107.1% during the third quarter. Quarry LP now owns 2,769 shares of the company's stock worth $34,000 after acquiring an additional 1,432 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Despegar.com by 756.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock valued at $33,000 after acquiring an additional 1,506 shares during the period. Legal & General Group Plc boosted its holdings in Despegar.com by 13.7% in the fourth quarter. Legal & General Group Plc now owns 13,199 shares of the company's stock valued at $254,000 after acquiring an additional 1,588 shares during the last quarter. Finally, State of Wyoming increased its position in Despegar.com by 107.9% in the fourth quarter. State of Wyoming now owns 3,846 shares of the company's stock worth $74,000 after purchasing an additional 1,996 shares during the period. 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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