Maverick Capital Ltd. grew its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 44.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,217 shares of the company's stock after acquiring an additional 44,240 shares during the period. Maverick Capital Ltd. owned about 0.22% of Despegar.com worth $1,776,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of Despegar.com during the 2nd quarter worth about $28,000. Hood River Capital Management LLC lifted its stake in shares of Despegar.com by 71.1% during the second quarter. Hood River Capital Management LLC now owns 14,461 shares of the company's stock valued at $191,000 after buying an additional 6,011 shares during the period. LRI Investments LLC acquired a new stake in Despegar.com during the second quarter worth approximately $87,000. Sanctuary Advisors LLC purchased a new stake in Despegar.com in the 2nd quarter worth approximately $128,000. Finally, MQS Management LLC acquired a new position in Despegar.com in the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on DESP shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $17.00 target price on shares of Despegar.com in a research report on Friday, August 16th. TD Cowen lowered shares of Despegar.com from a "buy" rating to a "sell" rating and increased their price objective for the stock from $12.00 to $14.00 in a report on Monday, November 25th. Finally, Morgan Stanley boosted their target price on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.20.
Check Out Our Latest Research Report on Despegar.com
Despegar.com Stock Performance
DESP stock traded up $0.16 during midday trading on Friday, reaching $17.89. The company had a trading volume of 631,776 shares, compared to its average volume of 1,364,715. Despegar.com, Corp. has a fifty-two week low of $7.83 and a fifty-two week high of $19.00. The stock has a 50 day moving average price of $14.70 and a 200 day moving average price of $13.45.
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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