Loomis Sayles & Co. L P reduced its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 69.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,687 shares of the company's stock after selling 515,767 shares during the period. Loomis Sayles & Co. L P owned approximately 0.28% of Despegar.com worth $4,441,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its holdings in shares of Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company's stock worth $34,000 after acquiring an additional 1,432 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Despegar.com in the 3rd quarter valued at approximately $56,000. Harvest Fund Management Co. Ltd acquired a new stake in Despegar.com in the fourth quarter valued at approximately $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Despegar.com in the fourth quarter valued at approximately $104,000. Finally, FMR LLC bought a new stake in shares of Despegar.com during the third quarter worth $173,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.
Despegar.com Price Performance
Shares of NYSE:DESP traded up $0.28 during mid-day trading on Monday, reaching $18.79. 3,079,528 shares of the company's stock were exchanged, compared to its average volume of 1,466,463. Despegar.com, Corp. has a twelve month low of $9.25 and a twelve month high of $19.55. The business's fifty day moving average price is $19.21 and its 200-day moving average price is $17.02.
Wall Street Analysts Forecast Growth
DESP has been the subject of a number of research reports. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.20.
Check Out Our Latest Stock Analysis on DESP
Despegar.com Profile
(
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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