Alpine Global Management LLC Takes Position in Despegar.com, Corp. (NYSE:DESP)

Alpine Global Management LLC bought a new stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company's stock, valued at approximately $770,000.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Despegar.com by 37.6% in the third quarter. State Street Corp now owns 958,706 shares of the company's stock worth $11,888,000 after purchasing an additional 261,991 shares in the last quarter. Barclays PLC raised its holdings in Despegar.com by 298.5% during the third quarter. Barclays PLC now owns 91,888 shares of the company's stock valued at $1,139,000 after acquiring an additional 68,829 shares during the period. SkyView Investment Advisors LLC lifted its position in shares of Despegar.com by 1.7% in the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company's stock valued at $3,068,000 after acquiring an additional 4,118 shares in the last quarter. Blankinship & Foster LLC bought a new position in shares of Despegar.com in the third quarter worth about $288,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Despegar.com during the third quarter worth about $395,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Despegar.com presently has a consensus rating of "Hold" and a consensus price target of $17.20.

Despegar.com Price Performance

Shares of NYSE:DESP traded down $0.01 during mid-day trading on Friday, reaching $19.14. The stock had a trading volume of 766,521 shares, compared to its average volume of 1,577,316. The business's 50 day moving average price is $19.13 and its 200 day moving average price is $17.93. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55.

Despegar.com Company Profile

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.