Charles Schwab Investment Management Inc. Has $3.18 Million Stock Position in Despegar.com, Corp. (NYSE:DESP)

Charles Schwab Investment Management Inc. boosted its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 76.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,726 shares of the company’s stock after purchasing an additional 111,233 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.39% of Despegar.com worth $3,183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DESP. Hsbc Holdings PLC acquired a new position in shares of Despegar.com during the second quarter valued at about $1,102,000. Principal Financial Group Inc. bought a new position in Despegar.com during the third quarter valued at about $591,000. Rhumbline Advisers bought a new stake in shares of Despegar.com in the 2nd quarter worth approximately $1,159,000. Yarra Square Partners LP grew its holdings in shares of Despegar.com by 15.2% during the 2nd quarter. Yarra Square Partners LP now owns 443,400 shares of the company’s stock worth $5,866,000 after purchasing an additional 58,400 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Despegar.com during the second quarter valued at approximately $2,618,000. 67.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DESP has been the topic of a number of recent research reports. TD Cowen downgraded shares of Despegar.com from a “buy” rating to a “sell” rating and lifted their price target for the stock from $12.00 to $14.00 in a research note on Monday, November 25th. Morgan Stanley upped their target price on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.20.

Despegar.com Price Performance

Shares of NYSE DESP opened at $17.13 on Friday. The business has a fifty day moving average of $15.59 and a two-hundred day moving average of $13.63. Despegar.com, Corp. has a 52-week low of $8.06 and a 52-week high of $19.00.

About Despegar.com

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.