JPMorgan Chase & Co. Has $5.75 Million Stake in Despegar.com, Corp. (NYSE:DESP)

JPMorgan Chase & Co. cut its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 463,344 shares of the company’s stock after selling 66,494 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of Despegar.com worth $5,745,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DESP. Sylebra Capital LLC lifted its position 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 acquiring an additional 1,228,824 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Despegar.com by 107.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company’s stock worth $26,446,000 after purchasing an additional 1,071,213 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in Despegar.com in the 2nd quarter valued at $13,936,000. TT International Asset Management LTD bought a new position in Despegar.com during the 3rd quarter worth $8,763,000. Finally, Woodson Capital Management LP lifted its holdings in shares of Despegar.com by 78.4% during the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company’s stock worth $17,694,000 after buying an additional 626,952 shares in the last quarter. Institutional investors own 67.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DESP. Morgan Stanley upped 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 raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Despegar.com currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Despegar.com Trading Up 0.1 %

Despegar.com stock opened at $19.15 on Friday. Despegar.com, Corp. has a 12-month low of $8.06 and a 12-month high of $19.55. The business’s 50-day moving average price is $17.69 and its two-hundred day moving average price is $14.37.

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.