Despegar.com (NYSE:DESP) Upgraded to Hold at TD Cowen

TD Cowen upgraded shares of Despegar.com (NYSE:DESP) from a sell rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat reports.

Separately, Morgan Stanley upped their price objective on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Despegar.com has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Despegar.com Stock Down 0.1 %

NYSE DESP opened at $19.45 on Tuesday. The company has a 50-day moving average price of $15.98 and a 200-day moving average price of $13.67. Despegar.com has a 52 week low of $8.06 and a 52 week high of $19.55.

Institutional Investors Weigh In On Despegar.com

Institutional investors have recently bought and sold shares of the business. Sylebra Capital LLC grew its position in shares of 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 in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Despegar.com by 1.3% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 2,099,156 shares of the company’s stock valued at $26,030,000 after buying an additional 26,443 shares in the last quarter. Woodson Capital Management LP raised its position 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 valued at $17,694,000 after buying an additional 626,952 shares during the last quarter. MayTech Global Investments LLC lifted its holdings in shares of Despegar.com by 23.1% in the third quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company’s stock worth $13,661,000 after buying an additional 207,023 shares in the last quarter. Finally, Coronation Fund Managers Ltd. bought a new position in shares of Despegar.com during the second quarter worth $13,936,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

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.