Principal Financial Group Inc. acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,634 shares of the company's stock, valued at approximately $591,000. Principal Financial Group Inc. owned about 0.07% of Despegar.com at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of Despegar.com during the third quarter worth $332,000. Deltec Asset Management LLC acquired a new position in Despegar.com during the 3rd quarter worth about $1,029,000. Sanctuary Advisors LLC purchased a new position in Despegar.com during the 2nd quarter valued at about $128,000. Coronation Fund Managers Ltd. acquired a new position in Despegar.com in the 2nd quarter valued at about $13,936,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Despegar.com during the second quarter worth about $331,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DESP has been the subject of several analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $17.00 target price on shares of Despegar.com in a research note on Friday, August 16th. TD Cowen downgraded Despegar.com from a "buy" rating to a "sell" rating and boosted their price objective for the stock from $12.00 to $14.00 in a research report on Monday.
Get Our Latest Research Report on DESP
Despegar.com Trading Down 5.2 %
Shares of DESP stock traded down $0.98 during midday trading on Monday, hitting $17.77. The company had a trading volume of 1,718,156 shares, compared to its average volume of 939,100. Despegar.com, Corp. has a 52-week low of $7.83 and a 52-week high of $19.00. The company's 50 day simple moving average is $14.17 and its 200 day simple moving average is $13.25.
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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