Mirae Asset Global Investments Co. Ltd. Buys 88,269 Shares of Despegar.com, Corp. (NYSE:DESP)

Mirae Asset Global Investments Co. Ltd. lifted its position in Despegar.com, Corp. (NYSE:DESP - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 292,005 shares of the company's stock after acquiring an additional 88,269 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.44% of Despegar.com worth $2,762,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DESP. Loomis Sayles & Co. L P lifted its holdings in shares of Despegar.com by 139.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 673,966 shares of the company's stock worth $4,886,000 after purchasing an additional 392,366 shares during the last quarter. Wealthsource Partners LLC lifted its holdings in shares of Despegar.com by 1.9% in the 4th quarter. Wealthsource Partners LLC now owns 59,799 shares of the company's stock worth $566,000 after purchasing an additional 1,122 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Despegar.com by 117.0% in the 3rd quarter. Quadrature Capital Ltd now owns 43,012 shares of the company's stock worth $311,000 after purchasing an additional 23,195 shares during the last quarter. Dumac Inc. lifted its holdings in shares of Despegar.com by 841.0% in the 3rd quarter. Dumac Inc. now owns 196,942 shares of the company's stock worth $1,428,000 after purchasing an additional 176,012 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Despegar.com by 1.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,623,787 shares of the company's stock worth $26,272,000 after purchasing an additional 63,650 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.

Despegar.com Stock Up 2.9 %

Despegar.com stock traded up $0.33 during mid-day trading on Friday, hitting $11.65. 668,723 shares of the company's stock traded hands, compared to its average volume of 621,215. The firm has a 50 day moving average price of $10.38 and a 200 day moving average price of $8.96. The company has a market cap of $769.60 million, a PE ratio of -44.81 and a beta of 2.05. Despegar.com, Corp. has a one year low of $4.92 and a one year high of $13.23.

Analyst Ratings Changes

Several analysts recently issued reports on DESP shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $14.00 price target on shares of Despegar.com in a report on Friday, March 22nd. B. Riley reaffirmed a "buy" rating and set a $16.00 target price (up previously from $15.00) on shares of Despegar.com in a research note on Friday, March 15th.

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.