ExodusPoint Capital Management LP acquired a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 65,195 shares of the company's stock, valued at approximately $1,255,000. ExodusPoint Capital Management LP owned 0.08% of Despegar.com at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DESP. Quarry LP raised its stake in Despegar.com by 107.1% in the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after purchasing an additional 1,432 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Despegar.com during the 3rd quarter worth about $56,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Despegar.com in the 4th quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com during the 4th quarter valued at about $104,000. Finally, FMR LLC purchased a new stake in Despegar.com during the 3rd quarter worth approximately $173,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DESP shares. B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. TD Cowen upgraded shares of 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.20.
Check Out Our Latest Report on DESP
Despegar.com Stock Performance
Shares of DESP traded up $0.05 during trading hours on Tuesday, reaching $19.11. The company had a trading volume of 283,493 shares, compared to its average volume of 1,549,056. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55. The firm has a 50 day simple moving average of $19.16 and a 200-day simple moving average of $17.57.
About Despegar.com
(
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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