Despegar.com, Corp. (NYSE:DESP) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 396,400 shares of the company’s stock after buying an additional 85,600 shares during the period. TimesSquare Capital Management LLC owned 0.60% of Despegar.com worth $3,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DESP. Quantbot Technologies LP acquired a new position in shares of Despegar.com in the third quarter worth $74,000. Ieq Capital LLC bought a new position in shares of Despegar.com during the 3rd quarter worth approximately $269,000. Quadrature Capital Ltd increased its holdings in shares of Despegar.com by 117.0% during the third quarter. Quadrature Capital Ltd now owns 43,012 shares of the company’s stock worth $311,000 after buying an additional 23,195 shares in the last quarter. Altfest L J & Co. Inc. bought a new stake in Despegar.com during the 4th quarter worth about $438,000. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of Despegar.com by 186.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 72,523 shares of the company’s stock worth $526,000 after acquiring an additional 47,218 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DESP. B. Riley reissued a “buy” rating and set a $16.00 price target (up from $15.00) on shares of Despegar.com in a report on Friday, March 15th. Citigroup restated a “neutral” rating and set a $14.50 target price (up previously from $11.50) on shares of Despegar.com in a research report on Monday, April 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $14.00 target price on shares of Despegar.com in a research report on Friday, March 22nd.

Despegar.com Stock Up 0.9 %

Shares of Despegar.com stock traded up $0.11 during mid-day trading on Friday, reaching $12.51. 60,362 shares of the stock traded hands, compared to its average volume of 664,260. The stock has a market capitalization of $826.36 million, a PE ratio of -47.65 and a beta of 2.03. The business has a 50-day moving average of $11.55 and a 200 day moving average of $9.55. Despegar.com, Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $13.59.

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.