Bank of New York Mellon Corp Has $2.79 Million Stake in Despegar.com, Corp. (NYSE:DESP)

Bank of New York Mellon Corp decreased its position in Despegar.com, Corp. (NYSE:DESP) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,859 shares of the company’s stock after selling 2,581 shares during the quarter. Bank of New York Mellon Corp owned about 0.17% of Despegar.com worth $2,789,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. acquired a new stake in shares of Despegar.com during the 3rd quarter worth approximately $591,000. Intech Investment Management LLC bought a new stake in shares of Despegar.com in the 3rd quarter valued at $252,000. Charles Schwab Investment Management Inc. raised its stake in Despegar.com by 76.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company’s stock worth $3,183,000 after buying an additional 111,233 shares during the period. Algert Global LLC bought a new stake in Despegar.com during the 3rd quarter valued at $878,000. Finally, FMR LLC bought a new stake in Despegar.com during the 3rd quarter worth approximately $173,000. Institutional investors own 67.93% of the company’s stock.

Analysts Set New Price Targets

DESP has been the topic of a number of research analyst reports. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley increased their target price on shares of Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, B. Riley cut shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.20.

Despegar.com Stock Performance

DESP opened at $19.24 on Friday. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. The stock’s 50 day simple moving average is $19.23 and its 200 day simple moving average is $16.65.

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.