Despegar.com, Corp. (NYSE:DESP) Shares Sold by Atom Investors LP

Atom Investors LP reduced its position in Despegar.com, Corp. (NYSE:DESP) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,481 shares of the company’s stock after selling 30,225 shares during the period. Atom Investors LP owned about 0.59% of Despegar.com worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Sylebra Capital LLC grew its holdings in Despegar.com by 72.5% in the second quarter. Sylebra Capital LLC now owns 2,923,275 shares of the company’s stock valued at $38,675,000 after purchasing an additional 1,228,824 shares during the period. Itau Unibanco Holding S.A. increased its holdings in Despegar.com by 107.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,072,713 shares of the company’s stock worth $26,446,000 after acquiring an additional 1,071,213 shares in the last quarter. Woodson Capital Management LP raised its position in Despegar.com by 78.4% during the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company’s stock worth $17,694,000 after acquiring an additional 626,952 shares during the period. Coronation Fund Managers Ltd. purchased a new stake in shares of Despegar.com during the second quarter worth about $15,680,000. Finally, MayTech Global Investments LLC increased its stake in Despegar.com by 23.1% during the 3rd 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. 67.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen cut Despegar.com from a “buy” rating to a “sell” rating and increased their price target for the company from $12.00 to $14.00 in a report on Monday, November 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $17.00 price objective on shares of Despegar.com in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.20.

Despegar.com Stock Performance

Shares of NYSE DESP opened at $17.89 on Monday. The company has a 50 day simple moving average of $14.70 and a 200-day simple moving average of $13.45. Despegar.com, Corp. has a 1 year low of $7.83 and a 1 year high of $19.00.

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.