Bayesian Capital Management LP purchased a new stake in Despegar.com, Corp. (NYSE:DESP – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 11,000 shares of the company’s stock, valued at approximately $132,000.
Other hedge funds have also modified their holdings of the company. Quadrature Capital Ltd raised its position in shares of Despegar.com by 108.5% in the 1st quarter. Quadrature Capital Ltd now owns 185,891 shares of the company’s stock valued at $2,220,000 after acquiring an additional 96,739 shares during the period. Yarra Square Partners LP acquired a new stake in shares of Despegar.com in the 1st quarter valued at approximately $4,605,000. TimesSquare Capital Management LLC raised its position in shares of Despegar.com by 27.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 396,400 shares of the company’s stock valued at $3,750,000 after acquiring an additional 85,600 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Despegar.com in the 1st quarter valued at approximately $3,138,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Despegar.com during the 4th quarter worth approximately $189,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.
Despegar.com Stock Down 7.6 %
Shares of DESP opened at $10.74 on Friday. Despegar.com, Corp. has a twelve month low of $6.09 and a twelve month high of $15.82. The company has a 50 day moving average of $13.50 and a 200-day moving average of $11.73.
Analysts Set New Price Targets
Several brokerages have commented on DESP. B. Riley raised their target price on shares of Despegar.com from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Citigroup raised their target price on shares of Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Cantor Fitzgerald raised their target price on shares of Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, May 17th.
Check Out Our Latest Stock Analysis on DESP
Despegar.com 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.
Featured Articles
- Five stocks we like better than Despegar.com
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- EA’s New Game Launch Boosts Stock: Is It Time to Buy?
- Energy and Oil Stocks Explained
- T-Mobile Stock Poised to Outperform Peers with Stellar Quarter
- What is Put Option Volume?
- Defense Stocks Soar to New Highs; Higher Highs Are Coming
Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.