Despegar.com (NYSE:DESP) Downgraded to “Sell” Rating by TD Cowen

TD Cowen cut shares of Despegar.com (NYSE:DESP) from a buy rating to a sell rating in a report issued on Monday morning, Marketbeat reports. The brokerage currently has $14.00 target price on the stock, up from their prior target price of $12.00.

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a report on Friday, August 16th.

Despegar.com Trading Down 5.2 %

Shares of DESP stock opened at $17.77 on Monday. The company has a 50 day moving average price of $14.17 and a 200-day moving average price of $13.25. Despegar.com has a 52 week low of $7.83 and a 52 week high of $19.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DESP. Blankinship & Foster LLC bought a new position in shares of Despegar.com in the third quarter worth approximately $288,000. SkyView Investment Advisors LLC raised its holdings in Despegar.com by 1.7% during the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock valued at $3,068,000 after acquiring an additional 4,118 shares during the period. Barclays PLC lifted its position in shares of Despegar.com by 298.5% in the third quarter. Barclays PLC now owns 91,888 shares of the company’s stock valued at $1,139,000 after acquiring an additional 68,829 shares in the last quarter. TT International Asset Management LTD bought a new position in shares of Despegar.com in the third quarter worth about $8,763,000. Finally, O Brien Greene & Co. Inc grew its position in shares of Despegar.com by 4.1% during the third quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company’s stock worth $1,252,000 after purchasing an additional 4,000 shares in the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.

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.