Fourth Sail Capital LP Invests $12.95 Million in Despegar.com, Corp. (NYSE:DESP)

Fourth Sail Capital LP purchased a new position in Despegar.com, Corp. (NYSE:DESP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,369,370 shares of the company's stock, valued at approximately $12,954,000. Despegar.com accounts for about 4.0% of Fourth Sail Capital LP's portfolio, making the stock its 11th largest holding. Fourth Sail Capital LP owned approximately 2.07% of Despegar.com as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC purchased a new position in shares of Despegar.com in the third quarter valued at $269,000. Quantbot Technologies LP purchased a new position in Despegar.com during the 3rd quarter valued at about $74,000. Campbell & CO Investment Adviser LLC raised its position in Despegar.com by 186.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 72,523 shares of the company's stock worth $526,000 after acquiring an additional 47,218 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Despegar.com by 1.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,623,787 shares of the company's stock valued at $26,272,000 after purchasing an additional 63,650 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Despegar.com by 13.1% in the third quarter. Artisan Partners Limited Partnership now owns 1,808,162 shares of the company's stock valued at $13,109,000 after purchasing an additional 210,128 shares during the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.

Despegar.com Stock Performance

Despegar.com stock traded down $0.12 during trading on Wednesday, hitting $12.07. The company's stock had a trading volume of 610,842 shares, compared to its average volume of 634,739. The stock's fifty day moving average is $11.00 and its 200 day moving average is $9.29. Despegar.com, Corp. has a 1-year low of $4.92 and a 1-year high of $13.23. The stock has a market capitalization of $797.34 million, a price-to-earnings ratio of -47.00 and a beta of 2.05.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DESP shares. Citigroup reaffirmed a "neutral" rating and issued a $14.50 target price (up previously from $11.50) on shares of Despegar.com in a research note on Monday. B. Riley reiterated a "buy" rating and set a $16.00 price target (up from $15.00) on shares of Despegar.com in a report on Friday, March 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $14.00 price objective on shares of Despegar.com in a research note on Friday, March 22nd.

Despegar.com 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.

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