Shares of Despegar.com, Corp. (NYSE:DESP - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,068,237 shares changed hands during mid-day trading, an increase of 6% from the previous session's volume of 1,009,285 shares.The stock last traded at $19.15 and had previously closed at $19.25.
Analysts Set New Price Targets
Several brokerages have issued reports on DESP. Morgan Stanley increased their target price on shares of Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.
Check Out Our Latest Report on Despegar.com
Despegar.com Stock Down 0.8 %
The firm has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $13.92.
Institutional Investors Weigh In On Despegar.com
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Despegar.com during the third quarter worth $591,000. Franklin Resources Inc. purchased a new position in Despegar.com during the 3rd quarter worth $395,000. Blankinship & Foster LLC acquired a new position in Despegar.com during the 3rd quarter valued at about $288,000. SkyView Investment Advisors LLC raised its stake in Despegar.com by 1.7% in the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company's stock valued at $3,068,000 after buying an additional 4,118 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Despegar.com by 298.5% in the third quarter. Barclays PLC now owns 91,888 shares of the company's stock worth $1,139,000 after acquiring an additional 68,829 shares in the last quarter. Hedge funds and other 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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