Pictet Asset Management Holding SA acquired a new position in Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 243,683 shares of the company's stock, valued at approximately $4,691,000. Pictet Asset Management Holding SA owned approximately 0.29% of Despegar.com as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Despegar.com by 37.6% in the 3rd quarter. State Street Corp now owns 958,706 shares of the company's stock worth $11,888,000 after buying an additional 261,991 shares during the last quarter. TT International Asset Management LTD purchased a new position in Despegar.com in the third quarter worth about $8,763,000. Jacobs Levy Equity Management Inc. purchased a new position in Despegar.com in the third quarter worth about $6,765,000. Annex Advisory Services LLC bought a new stake in shares of Despegar.com during the 4th quarter valued at about $9,499,000. Finally, Emeth Value Capital LLC purchased a new stake in shares of Despegar.com during the 4th quarter valued at about $7,154,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Despegar.com presently has a consensus rating of "Hold" and an average target price of $17.20.
View Our Latest Research Report on DESP
Despegar.com Trading Up 1.0 %
Shares of DESP traded up $0.18 during midday trading on Wednesday, hitting $19.12. The stock had a trading volume of 4,471,261 shares, compared to its average volume of 1,544,942. The stock's 50 day moving average is $19.17 and its 200 day moving average is $17.35. 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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