Barclays PLC Boosts Stock Position in Despegar.com, Corp. (NYSE:DESP)

Barclays PLC grew its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 298.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,888 shares of the company’s stock after buying an additional 68,829 shares during the quarter. Barclays PLC owned 0.14% of Despegar.com worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sylebra Capital LLC lifted its stake in Despegar.com by 72.5% during the second quarter. Sylebra Capital LLC now owns 2,923,275 shares of the company’s stock worth $38,675,000 after purchasing an additional 1,228,824 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Despegar.com by 107.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company’s stock worth $26,446,000 after buying an additional 1,071,213 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of Despegar.com in the 2nd quarter valued at about $13,936,000. MayTech Global Investments LLC bought a new stake in shares of Despegar.com during the 2nd quarter valued at about $11,836,000. Finally, Woodson Capital Management LP lifted its holdings in Despegar.com by 78.4% in the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company’s stock worth $17,694,000 after acquiring an additional 626,952 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Wall Street Analyst Weigh In

DESP has been the subject of a number of research reports. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley boosted their target price on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Despegar.com currently has an average rating of “Moderate Buy” and an average price target of $17.20.

Despegar.com Price Performance

DESP stock opened at $19.37 on Monday. Despegar.com, Corp. has a twelve month low of $8.06 and a twelve month high of $19.55. The business’s 50-day simple moving average is $16.44 and its 200 day simple moving average is $13.81.

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.