Gabelli Funds LLC purchased a new stake 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. The fund purchased 27,000 shares of the company's stock, valued at approximately $520,000.
A number of other hedge funds also recently modified their holdings of the business. Franklin Resources Inc. acquired a new position in Despegar.com during the 3rd quarter worth approximately $395,000. Barclays PLC lifted its stake in Despegar.com by 298.5% during the third quarter. Barclays PLC now owns 91,888 shares of the company's stock worth $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Despegar.com during the 3rd quarter valued at approximately $591,000. SG Americas Securities LLC raised its position in Despegar.com by 187.5% in the fourth quarter. SG Americas Securities LLC now owns 28,939 shares of the company's stock valued at $557,000 after purchasing an additional 18,872 shares during the last quarter. Finally, State Street Corp grew 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 during the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Price Performance
Shares of DESP traded up $0.01 during mid-day trading on Friday, hitting $19.16. 247,492 shares of the company's stock traded hands, compared to its average volume of 1,568,581. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. The business's 50-day moving average price is $19.14 and its 200-day moving average price is $17.86.
Analyst Upgrades and Downgrades
Separately, B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.20.
Check Out Our Latest Stock Analysis on DESP
Despegar.com Company Profile
(
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
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
