Russell Investments Group Ltd. grew its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 1,083.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,134 shares of the company's stock after purchasing an additional 342,528 shares during the period. Russell Investments Group Ltd. owned about 0.45% of Despegar.com worth $7,202,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of DESP. Arrowstreet Capital Limited Partnership lifted its stake in Despegar.com by 2,086.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company's stock valued at $21,906,000 after buying an additional 1,085,931 shares in the last quarter. State Street Corp raised its holdings in shares of Despegar.com by 37.6% during the third quarter. State Street Corp now owns 958,706 shares of the company's stock valued at $11,888,000 after acquiring an additional 261,991 shares during the period. Annex Advisory Services LLC purchased a new stake in shares of Despegar.com in the 4th quarter valued at approximately $9,499,000. Emeth Value Capital LLC acquired a new position in Despegar.com in the 4th quarter worth approximately $7,154,000. Finally, Alpine Associates Management Inc. purchased a new position in Despegar.com during the 4th quarter worth approximately $5,910,000. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Trading Up 0.1 %
Shares of Despegar.com stock traded up $0.02 on Tuesday, hitting $19.08. 886,109 shares of the company traded hands, compared to its average volume of 1,554,624. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55. The company has a 50-day moving average price of $19.16 and a 200 day moving average price of $17.57.
Wall Street Analysts Forecast Growth
DESP has been the subject of a number of research analyst reports. B. Riley lowered Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. TD Cowen raised Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Despegar.com has a consensus rating of "Hold" and an average target price of $17.20.
Check Out Our Latest Report on DESP
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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