Barclays PLC Grows Stock Position in Despegar.com, Corp. (NYSE:DESP)

Barclays PLC raised its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 298.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,888 shares of the company’s stock after acquiring an additional 68,829 shares during the quarter. Barclays PLC owned approximately 0.14% of Despegar.com worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DESP. Quarry LP increased its position in Despegar.com by 107.1% during the third quarter. Quarry LP now owns 2,769 shares of the company’s stock worth $34,000 after buying an additional 1,432 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Despegar.com during the second quarter valued at $28,000. O Brien Greene & Co. Inc increased its position in Despegar.com by 4.1% during the 3rd 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. Point72 Asset Management L.P. acquired a new position in Despegar.com in the 3rd quarter valued at about $56,000. Finally, Hood River Capital Management LLC lifted its holdings in Despegar.com by 71.1% in the 2nd quarter. Hood River Capital Management LLC now owns 14,461 shares of the company’s stock valued at $191,000 after purchasing an additional 6,011 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley lifted 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Despegar.com presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Despegar.com Stock Performance

Shares of DESP stock opened at $19.18 on Tuesday. Despegar.com, Corp. has a 1-year low of $8.06 and a 1-year high of $19.55. The firm’s 50-day simple moving average is $17.44 and its 200-day simple moving average is $14.26.

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.