Russell Investments Group Ltd. lifted its stake in Despegar.com, Corp. (NYSE:DESP - Free Report) by 1,083.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 374,134 shares of the company's stock after acquiring an additional 342,528 shares during the period. Russell Investments Group Ltd. owned approximately 0.45% of Despegar.com worth $7,202,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of DESP. Harvest Fund Management Co. Ltd bought a new position in shares of Despegar.com during the 4th quarter worth about $68,000. SkyView Investment Advisors LLC increased its stake in Despegar.com by 1.7% during 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 period. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com in the 3rd quarter worth approximately $56,000. Principal Financial Group Inc. grew its holdings in shares of Despegar.com by 9.5% during the 4th quarter. Principal Financial Group Inc. now owns 52,162 shares of the company's stock worth $1,004,000 after purchasing an additional 4,528 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Despegar.com by 16.6% during the fourth quarter. Franklin Resources Inc. now owns 36,534 shares of the company's stock valued at $703,000 after purchasing an additional 5,195 shares during the period. Institutional investors own 67.93% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. B. Riley downgraded shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.20.
Get Our Latest Research Report on DESP
Despegar.com Stock Down 0.0 %
Shares of NYSE DESP traded down $0.01 during midday trading on Friday, reaching $19.10. 1,129,725 shares of the company traded hands, compared to its average volume of 1,555,872. The stock's 50-day simple moving average is $19.15 and its 200-day simple moving average is $17.64. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month 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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