PEAK6 LLC bought a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 43,920 shares of the company's stock, valued at approximately $845,000. PEAK6 LLC owned approximately 0.05% of Despegar.com as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its position in Despegar.com by 2,086.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company's stock worth $21,906,000 after acquiring an additional 1,085,931 shares during the last quarter. Annex Advisory Services LLC purchased a new position in Despegar.com in the 4th quarter valued at about $9,499,000. Invesco Ltd. boosted its stake in shares of Despegar.com by 554.8% during the 4th quarter. Invesco Ltd. now owns 497,861 shares of the company's stock worth $9,584,000 after purchasing an additional 421,826 shares during the last quarter. Emeth Value Capital LLC acquired a new position in Despegar.com in the 4th quarter valued at $7,154,000. Finally, Russell Investments Group Ltd. grew its position in shares of Despegar.com by 1,083.7% in the fourth quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company's stock valued at $7,202,000 after purchasing an additional 342,528 shares during the period. Hedge funds and other institutional investors own 67.93% of the company's stock.
Wall Street Analyst Weigh In
Separately, B. Riley cut Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Despegar.com has an average rating of "Hold" and a consensus target price of $17.20.
View Our Latest Stock Report on Despegar.com
Despegar.com Price Performance
DESP traded down $0.01 during trading on Friday, hitting $19.15. 545,725 shares of the company's stock were exchanged, compared to its average volume of 1,570,502. The stock has a 50 day moving average price of $19.14 and a 200 day moving average price of $17.86. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55.
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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