Despegar.com, Corp. (NYSE:DESP - Get Free Report) shares saw an uptick in trading volume on Tuesday . 777,306 shares traded hands during mid-day trading, a decline of 22% from the previous session's volume of 994,555 shares.The stock last traded at $19.39 and had previously closed at $19.46.
Analyst Ratings Changes
DESP has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.20.
Get Our Latest Research Report on Despegar.com
Despegar.com Stock Performance
The business's 50-day simple moving average is $15.98 and its two-hundred day simple moving average is $13.67.
Institutional Investors Weigh In On Despegar.com
A number of large investors have recently modified their holdings of the stock. Sylebra Capital LLC grew its stake in Despegar.com by 72.5% during the 2nd quarter. Sylebra Capital LLC now owns 2,923,275 shares of the company's stock valued at $38,675,000 after purchasing an additional 1,228,824 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in shares of Despegar.com by 107.0% during the second quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company's stock worth $26,446,000 after buying an additional 1,071,213 shares in the last quarter. Coronation Fund Managers Ltd. bought a new stake in shares of Despegar.com in the second quarter worth $13,936,000. MayTech Global Investments LLC acquired a new stake in Despegar.com in the second quarter valued at $11,836,000. Finally, TT International Asset Management LTD bought a new position in Despegar.com during the 3rd quarter valued at $8,763,000. 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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