PEAK6 LLC acquired a new stake in Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,920 shares of the company's stock, valued at approximately $845,000. PEAK6 LLC owned approximately 0.05% of Despegar.com as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings in shares of Despegar.com by 756.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after purchasing an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Despegar.com in the fourth quarter valued at $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Despegar.com during the fourth quarter valued at about $104,000. Quinn Opportunity Partners LLC bought a new stake in shares of Despegar.com during the fourth quarter worth about $194,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Despegar.com in the 4th quarter worth about $221,000. 67.93% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, B. Riley downgraded Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.20.
Get Our Latest Analysis on DESP
Despegar.com Stock Down 0.1 %
Shares of DESP traded down $0.01 during trading hours on Friday, reaching $19.14. 766,521 shares of the stock traded hands, compared to its average volume of 1,573,184. The stock has a fifty day simple moving average of $19.13 and a 200 day simple moving average of $17.90. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.
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.
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