RBF Capital LLC lifted its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 115.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 491,256 shares of the company's stock after buying an additional 263,006 shares during the period. RBF Capital LLC owned about 0.59% of Despegar.com worth $9,287,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in Despegar.com by 756.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after acquiring an additional 1,506 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com during the fourth quarter worth about $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com during the fourth quarter worth about $104,000. Quinn Opportunity Partners LLC bought a new stake in Despegar.com in the 4th quarter worth about $194,000. Finally, OLD Mission Capital LLC purchased a new stake in Despegar.com in the 4th quarter valued at about $221,000. Institutional investors own 67.93% of the company's stock.
Despegar.com Trading Up 0.4 %
Despegar.com stock opened at $19.25 on Wednesday. The business's 50 day simple moving average is $19.14 and its 200 day simple moving average is $17.81. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55.
Wall Street Analyst Weigh In
DESP has been the subject of several recent analyst reports. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Despegar.com currently has an average rating of "Hold" and a consensus price target of $17.20.
Check Out Our Latest Stock Report 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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