Cerity Partners LLC purchased a new position in Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,901 shares of the company's stock, valued at approximately $269,000.
A number of other large investors have also modified their holdings of the business. Russell Investments Group Ltd. increased its stake in shares of Despegar.com by 1,083.7% in the fourth quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company's stock worth $7,202,000 after acquiring an additional 342,528 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Despegar.com during the fourth quarter valued at $440,000. Wells Fargo & Company MN increased its holdings in Despegar.com by 20.5% in the fourth quarter. Wells Fargo & Company MN now owns 45,460 shares of the company's stock valued at $875,000 after buying an additional 7,730 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Despegar.com during the 4th quarter worth about $1,255,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Despegar.com during the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 67.93% of the company's stock.
Despegar.com Stock Performance
Shares of NYSE DESP traded up $0.04 during mid-day trading on Wednesday, reaching $19.46. 2,355,085 shares of the company's stock were exchanged, compared to its average volume of 1,600,246. The company's 50-day moving average is $19.14 and its 200-day moving average is $18.02. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55.
Wall Street Analyst Weigh In
Separately, B. Riley lowered Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.20.
Check Out Our Latest Stock Analysis 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.
Recommended Stories
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
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
