Shares of Despegar.com, Corp. (NYSE:DESP - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,122,884 shares were traded during mid-day trading, an increase of 54% from the previous session's volume of 1,378,470 shares.The stock last traded at $19.16 and had previously closed at $19.13.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research note 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 company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.20.
Read Our Latest Stock Report on DESP
Despegar.com Stock Down 3.3 %
The firm's 50 day moving average is $19.21 and its two-hundred day moving average is $16.98.
Hedge Funds Weigh In On Despegar.com
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DESP. Sylebra Capital LLC boosted its holdings in Despegar.com by 0.3% in the 4th quarter. Sylebra Capital LLC now owns 2,931,213 shares of the company's stock valued at $56,426,000 after purchasing an additional 7,938 shares during the period. Alpine Global Management LLC bought a new stake in Despegar.com during the fourth quarter worth about $770,000. BCK Capital Management LP bought a new stake in Despegar.com in the 4th quarter worth approximately $1,067,000. Voloridge Investment Management LLC grew its holdings in shares of Despegar.com by 229.1% during the 4th quarter. Voloridge Investment Management LLC now owns 757,972 shares of the company's stock valued at $14,591,000 after purchasing an additional 527,683 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Despegar.com by 13.8% in the fourth quarter. Two Sigma Advisers LP now owns 221,800 shares of the company's stock worth $4,270,000 after buying an additional 26,900 shares during the period. Institutional investors 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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