Moerus Capital Management LLC cut its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,679,528 shares of the company's stock after selling 341,981 shares during the quarter. Despegar.com makes up 11.8% of Moerus Capital Management LLC's portfolio, making the stock its 4th largest position. Moerus Capital Management LLC owned 2.01% of Despegar.com worth $32,331,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. bought a new stake in Despegar.com during the 3rd quarter worth about $395,000. Barclays PLC grew its stake in shares of Despegar.com by 298.5% during the third quarter. Barclays PLC now owns 91,888 shares of the company's stock valued at $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Despegar.com in the third quarter valued at approximately $591,000. Charles Schwab Investment Management Inc. increased its stake in shares of Despegar.com by 76.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company's stock valued at $3,183,000 after buying an additional 111,233 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Despegar.com by 187.5% during the fourth quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock worth $557,000 after acquiring an additional 18,872 shares during the last quarter. 67.93% of the stock is owned by institutional investors.
Despegar.com Stock Up 0.2 %
NYSE:DESP traded up $0.05 during trading hours on Friday, hitting $19.07. The stock had a trading volume of 483,852 shares, compared to its average volume of 1,544,974. The business's 50 day moving average is $19.16 and its 200-day moving average is $17.45. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55.
Wall Street Analyst Weigh In
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 report on Tuesday, December 24th. B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.20.
View Our Latest Analysis on Despegar.com
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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