Despegar.com, Corp. (NYSE:DESP) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its position in Despegar.com, Corp. (NYSE:DESP) by 107.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,121 shares of the company’s stock after buying an additional 11,434 shares during the quarter. HighTower Advisors LLC’s holdings in Despegar.com were worth $426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DESP. Intech Investment Management LLC purchased a new position in Despegar.com during the 3rd quarter valued at about $252,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 111,233 shares in the last quarter. FMR LLC acquired a new position in shares of Despegar.com during the 3rd quarter worth approximately $173,000. MetLife Investment Management LLC raised its position in shares of Despegar.com by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 35,636 shares of the company’s stock worth $442,000 after purchasing an additional 20,080 shares during the last quarter. Finally, PEAK6 Investments LLC lifted its stake in Despegar.com by 21.4% in the 3rd quarter. PEAK6 Investments LLC now owns 85,933 shares of the company’s stock valued at $1,066,000 after buying an additional 15,144 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Stock Performance

DESP stock opened at $18.79 on Tuesday. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The stock’s fifty day simple moving average is $19.21 and its 200-day simple moving average is $17.06.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DESP. B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Despegar.com has a consensus rating of “Hold” and an average price target of $17.20.

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.