JPMorgan Chase & Co. trimmed its position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,085 shares of the company's stock after selling 101,259 shares during the period. JPMorgan Chase & Co. owned about 0.43% of Despegar.com worth $6,970,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Despegar.com by 37.6% in the 3rd 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. Annex Advisory Services LLC bought a new stake in shares of Despegar.com in the 4th quarter valued at approximately $9,499,000. Emeth Value Capital LLC acquired a new position in Despegar.com in the fourth quarter worth approximately $7,154,000. Alpine Associates Management Inc. bought a new position in Despegar.com during the fourth quarter valued at approximately $5,910,000. Finally, SkyView Investment Advisors LLC lifted its stake in 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 during the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.
Analyst Ratings Changes
DESP has been the topic of several analyst reports. 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 downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.20.
Check Out Our Latest Research Report on Despegar.com
Despegar.com Trading Up 0.4 %
Shares of NYSE:DESP traded up $0.09 during trading on Tuesday, reaching $19.25. The stock had a trading volume of 956,242 shares, compared to its average volume of 1,561,313. The stock has a fifty day simple moving average of $19.14 and a two-hundred day simple moving average of $17.81. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.
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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