MQS Management LLC purchased a new stake in shares of Despegar.com, Corp. (NYSE:DESP – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,284 shares of the company’s stock, valued at approximately $136,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in Despegar.com by 405,440.0% in the fourth quarter. BNP Paribas Financial Markets now owns 121,662 shares of the company’s stock valued at $1,151,000 after purchasing an additional 121,632 shares in the last quarter. Norges Bank bought a new position in shares of Despegar.com in the 4th quarter worth $6,622,000. Dynamic Technology Lab Private Ltd raised its position in shares of Despegar.com by 117.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 29,739 shares of the company’s stock valued at $281,000 after buying an additional 16,054 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Despegar.com by 6.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,933,450 shares of the company’s stock worth $18,290,000 after acquiring an additional 125,288 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in Despegar.com in the fourth quarter worth $194,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.
Despegar.com Stock Performance
NYSE DESP opened at $12.48 on Friday. The company has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $12.41. Despegar.com, Corp. has a 12-month low of $6.09 and a 12-month high of $15.82.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DESP. Cantor Fitzgerald restated an “overweight” rating and set a $17.00 price target on shares of Despegar.com in a research report on Friday, August 16th. TD Cowen increased their price objective on Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Citigroup boosted their target price on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd.
Read Our Latest Stock Report on Despegar.com
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.
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