Artisan Partners Limited Partnership Has $15.30 Million Stock Holdings in Despegar.com, Corp. (NYSE:DESP)

Artisan Partners Limited Partnership reduced its stake in Despegar.com, Corp. (NYSE:DESP) by 61.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 794,712 shares of the company’s stock after selling 1,259,239 shares during the period. Artisan Partners Limited Partnership’s holdings in Despegar.com were worth $15,298,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. raised its holdings in Despegar.com by 1.3% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 2,099,156 shares of the company’s stock worth $26,030,000 after purchasing an additional 26,443 shares during the last quarter. Woodson Capital Management LP raised its stake 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 buying an additional 626,952 shares during the last quarter. State Street Corp lifted its holdings in Despegar.com by 37.6% in the third quarter. State Street Corp now owns 958,706 shares of the company’s stock valued at $11,888,000 after buying an additional 261,991 shares during the period. TT International Asset Management LTD bought a new stake in Despegar.com during the third quarter valued at $8,763,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Despegar.com during the third quarter valued at $6,765,000. 67.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DESP. Morgan Stanley boosted their price objective on Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. B. Riley lowered Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.20.

Despegar.com Stock Down 3.3 %

DESP stock opened at $18.52 on Friday. The stock’s 50 day simple moving average is $19.21 and its 200 day simple moving average is $16.95. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.

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.