US Bancorp DE lessened its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 87.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,372 shares of the company's stock after selling 23,417 shares during the quarter. US Bancorp DE's holdings in Despegar.com were worth $65,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in DESP. Principal Financial Group Inc. bought a new stake in Despegar.com during the third quarter valued at about $591,000. Intech Investment Management LLC bought a new stake in Despegar.com during the 3rd quarter valued at approximately $252,000. Charles Schwab Investment Management Inc. grew its holdings in Despegar.com by 76.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company's stock valued at $3,183,000 after buying an additional 111,233 shares during the last quarter. Algert Global LLC bought a new position in Despegar.com in the 3rd quarter worth approximately $878,000. Finally, FMR LLC acquired a new position in shares of Despegar.com during the third quarter worth approximately $173,000. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Stock Down 0.0 %
NYSE DESP traded down $0.01 during trading on Friday, reaching $19.24. 1,873,552 shares of the company traded hands, compared to its average volume of 1,374,711. Despegar.com, Corp. has a 1-year low of $9.25 and a 1-year high of $19.55. The stock's 50 day moving average price is $19.23 and its two-hundred day moving average price is $16.65.
Analyst Upgrades and Downgrades
Several research firms recently commented on DESP. TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley boosted their price target on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Despegar.com has a consensus rating of "Hold" and an average price target of $17.20.
View 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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