Medina Value Partners LLC cut its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,456,058 shares of the company's stock after selling 1,016,138 shares during the quarter. Despegar.com makes up 11.5% of Medina Value Partners LLC's investment portfolio, making the stock its biggest holding. Medina Value Partners LLC owned about 1.74% of Despegar.com worth $28,029,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. PEAK6 LLC purchased a new position in shares of Despegar.com during the fourth quarter worth approximately $845,000. Gabelli Funds LLC acquired a new position in Despegar.com in the fourth quarter valued at $520,000. Barclays PLC boosted its stake in shares of Despegar.com by 6.9% during the fourth quarter. Barclays PLC now owns 98,192 shares of the company's stock worth $1,891,000 after buying an additional 6,304 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Despegar.com by 756.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after buying an additional 1,506 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in Despegar.com in the 4th quarter valued at about $194,000. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Stock Up 0.2 %
Shares of DESP traded up $0.05 during mid-day trading on Tuesday, hitting $19.21. The company's stock had a trading volume of 295,308 shares, compared to its average volume of 1,555,724. The firm has a 50-day simple moving average of $19.14 and a 200 day simple moving average of $17.80. Despegar.com, Corp. has a 1-year low of $9.25 and a 1-year high of $19.55.
Wall Street Analyst Weigh In
Several research analysts have weighed in on DESP shares. B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Despegar.com has a consensus rating of "Hold" and an average price target of $17.20.
Read Our Latest Stock Analysis on DESP
Despegar.com Company 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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