Mirae Asset Global Investments Co. Ltd. Invests $104,000 in Despegar.com, Corp. (NYSE:DESP)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Despegar.com, Corp. (NYSE:DESP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,400 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds also recently bought and sold shares of DESP. Quarry LP raised its stake 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 purchasing an additional 1,432 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Despegar.com during the 3rd quarter valued at approximately $56,000. Sanctuary Advisors LLC acquired a new position in Despegar.com in the second quarter valued at approximately $128,000. FMR LLC purchased a new position in Despegar.com in the third quarter worth approximately $173,000. Finally, Intech Investment Management LLC acquired a new stake in Despegar.com during the third quarter worth $252,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Price Performance

DESP opened at $19.33 on Friday. The stock’s 50-day moving average price is $18.63 and its 200 day moving average price is $15.28. Despegar.com, Corp. has a 12-month low of $8.29 and a 12-month high of $19.55.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley raised their price objective on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” 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.