Fmr LLC Invests $173,000 in Despegar.com, Corp. (NYSE:DESP)

Fmr LLC purchased a new stake in shares of Despegar.com, Corp. (NYSE:DESP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,934 shares of the company’s stock, valued at approximately $173,000.

Several other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank acquired a new stake in shares of Despegar.com during the 2nd quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in Despegar.com during the second quarter worth $87,000. Sanctuary Advisors LLC acquired a new stake in Despegar.com during the second quarter valued at $128,000. MQS Management LLC purchased a new position in Despegar.com in the second quarter valued at $136,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of Despegar.com in the second quarter worth about $172,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Despegar.com Trading Down 0.5 %

Shares of NYSE DESP opened at $14.65 on Friday. The company’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $13.65. Despegar.com, Corp. has a 52-week low of $8.06 and a 52-week high of $19.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DESP shares. Morgan Stanley raised their target price on Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. TD Cowen downgraded Despegar.com from a “buy” rating to a “sell” rating and increased their price target for the stock from $12.00 to $14.00 in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.20.

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.