Emeth Value Capital LLC Makes New Investment in Despegar.com, Corp. (NYSE:DESP)

Emeth Value Capital LLC purchased a new stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 371,644 shares of the company's stock, valued at approximately $7,154,000. Despegar.com accounts for about 5.8% of Emeth Value Capital LLC's investment portfolio, making the stock its 6th biggest position. Emeth Value Capital LLC owned 0.56% of Despegar.com as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. boosted its stake in shares of Despegar.com by 1.3% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 2,099,156 shares of the company's stock worth $26,030,000 after acquiring an additional 26,443 shares in the last quarter. Woodson Capital Management LP boosted its position in shares of Despegar.com by 78.4% in the 3rd quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company's stock valued at $17,694,000 after purchasing an additional 626,952 shares during the period. MayTech Global Investments LLC increased its stake in Despegar.com by 23.1% in the 3rd quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company's stock worth $13,661,000 after purchasing an additional 207,023 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new stake in Despegar.com during the 2nd quarter worth about $13,936,000. Finally, State Street Corp lifted its stake in Despegar.com by 37.6% during the third quarter. State Street Corp now owns 958,706 shares of the company's stock valued at $11,888,000 after buying an additional 261,991 shares in the last quarter. Institutional investors own 67.93% of the company's stock.

Despegar.com Trading Down 0.0 %

Shares of Despegar.com stock traded down $0.01 on Monday, hitting $19.22. 1,445,090 shares of the company traded hands, compared to its average volume of 2,478,052. Despegar.com, Corp. has a 12-month low of $8.06 and a 12-month high of $19.55. The company has a 50-day moving average price of $18.30 and a 200 day moving average price of $14.83.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DESP shares. Morgan Stanley boosted their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.20.

Despegar.com Company Profile

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.