Woodson Capital Management LP increased its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 78.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,426,952 shares of the company's stock after buying an additional 626,952 shares during the period. Despegar.com comprises approximately 3.5% of Woodson Capital Management LP's investment portfolio, making the stock its 12th biggest holding. Woodson Capital Management LP owned about 2.16% of Despegar.com worth $17,694,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank bought a new position in shares of Despegar.com in the 2nd quarter worth $28,000. LRI Investments LLC acquired a new position in Despegar.com in the 2nd quarter worth approximately $87,000. Sanctuary Advisors LLC purchased a new position in shares of Despegar.com in the 2nd quarter valued at about $128,000. MQS Management LLC purchased a new stake in shares of Despegar.com in the second quarter valued at approximately $136,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Despegar.com during the 1st quarter valued at approximately $132,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $17.00 price target on shares of Despegar.com in a research note on Friday, August 16th. Morgan Stanley lifted their target price on shares of Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, TD Cowen downgraded shares of Despegar.com from a "buy" rating to a "sell" rating and raised their price target for the stock from $12.00 to $14.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.20.
View Our Latest Research Report on Despegar.com
Despegar.com Price Performance
Despegar.com stock traded up $0.16 during midday trading on Friday, hitting $17.89. 631,773 shares of the stock were exchanged, compared to its average volume of 936,903. The stock's 50-day simple moving average is $14.59 and its 200 day simple moving average is $13.39. Despegar.com, Corp. has a fifty-two week low of $7.83 and a fifty-two week high of $19.00.
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.
See Also
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
