Principal Financial Group Inc. bought a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 47,634 shares of the company's stock, valued at approximately $591,000. Principal Financial Group Inc. owned 0.07% of Despegar.com at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in Despegar.com in the third quarter valued at approximately $395,000. Blankinship & Foster LLC acquired a new stake in Despegar.com in the 3rd quarter valued at $288,000. SkyView Investment Advisors LLC grew its stake in Despegar.com by 1.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company's stock valued at $3,068,000 after acquiring an additional 4,118 shares during the period. Barclays PLC increased its holdings in Despegar.com by 298.5% in the 3rd quarter. Barclays PLC now owns 91,888 shares of the company's stock worth $1,139,000 after acquiring an additional 68,829 shares in the last quarter. Finally, TT International Asset Management LTD acquired a new position in Despegar.com during the third quarter worth $8,763,000. 67.93% of the stock is owned by hedge funds and other institutional investors.
Despegar.com Stock Down 0.3 %
DESP stock traded down $0.05 during mid-day trading on Monday, reaching $19.10. The company's stock had a trading volume of 2,724,626 shares, compared to its average volume of 5,334,242. The company's 50 day moving average is $16.98 and its two-hundred day moving average is $14.04. Despegar.com, Corp. has a fifty-two week low of $8.06 and a fifty-two week high of $19.55.
Analyst Ratings Changes
Several analysts have recently issued reports on DESP shares. Morgan Stanley lifted their target price on shares of Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.20.
Read Our Latest Stock Analysis on Despegar.com
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.
Read More
Before you consider Despegar.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Despegar.com wasn't on the list.
While Despegar.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
