Investors Purchase High Volume of Call Options on Despegar.com (NYSE:DESP)

Despegar.com, Corp. (NYSE:DESP - Get Free Report) was the recipient of unusually large options trading on Monday. Stock investors bought 5,699 call options on the company. This is an increase of 1,260% compared to the typical volume of 419 call options.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. TD Cowen cut Despegar.com from a "buy" rating to a "sell" rating and raised their price objective for the company from $12.00 to $14.00 in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Despegar.com has a consensus rating of "Hold" and a consensus target price of $17.20.

Despegar.com Stock Performance

Shares of DESP stock traded up $4.81 during trading on Monday, hitting $19.46. The company's stock had a trading volume of 13,301,822 shares, compared to its average volume of 995,932. The business has a fifty day moving average of $15.98 and a 200-day moving average of $13.67. Despegar.com has a 52 week low of $8.06 and a 52 week high of $19.51.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DESP. Bank of New York Mellon Corp purchased a new position in Despegar.com in the second quarter valued at about $2,618,000. Catalytic Wealth RIA LLC purchased a new position in Despegar.com in the second quarter valued at approximately $172,000. Rhumbline Advisers bought a new position in Despegar.com during the second quarter valued at $1,159,000. Allegheny Financial Group LTD purchased a new stake in Despegar.com in the second quarter worth $407,000. Finally, MayTech Global Investments LLC bought a new stake in shares of Despegar.com in the second quarter valued at $11,836,000. Institutional investors own 67.93% of the company's stock.

About Despegar.com

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.