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Rhumbline Advisers Acquires 31,199 Shares of Despegar.com, Corp. (NYSE:DESP)

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Rhumbline Advisers lifted its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 34.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,222 shares of the company's stock after purchasing an additional 31,199 shares during the quarter. Rhumbline Advisers owned about 0.18% of Despegar.com worth $2,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DESP. Quarry LP grew its holdings in Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company's stock worth $34,000 after purchasing an additional 1,432 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com in the 3rd quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Despegar.com during the 4th quarter valued at approximately $104,000. FMR LLC purchased a new position in Despegar.com during the third quarter valued at $173,000. Finally, Intech Investment Management LLC purchased a new stake in Despegar.com in the third quarter worth approximately $252,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

Despegar.com Trading Up 0.1 %

Shares of DESP stock traded up $0.02 during mid-day trading on Thursday, reaching $19.25. 5,554,116 shares of the company's stock traded hands, compared to its average volume of 1,305,581. Despegar.com, Corp. has a 12 month low of $8.82 and a 12 month high of $19.55. The firm has a 50 day moving average price of $19.22 and a two-hundred day moving average price of $16.10.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Morgan Stanley increased their target price on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.20.

View Our Latest Stock Analysis on DESP

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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Institutional Ownership by Quarter for Despegar.com (NYSE:DESP)

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