Despegar.com, Corp. (NYSE:DESP) Shares Sold by Moerus Capital Management LLC

Moerus Capital Management LLC lowered its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,679,528 shares of the company’s stock after selling 341,981 shares during the quarter. Despegar.com accounts for about 11.8% of Moerus Capital Management LLC’s portfolio, making the stock its 4th largest position. Moerus Capital Management LLC’s holdings in Despegar.com were worth $32,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in Despegar.com by 2,086.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company’s stock valued at $21,906,000 after buying an additional 1,085,931 shares in the last quarter. State Street Corp grew its holdings in shares of Despegar.com by 37.6% during the third quarter. State Street Corp now owns 958,706 shares of the company’s stock worth $11,888,000 after purchasing an additional 261,991 shares during the last quarter. TT International Asset Management LTD purchased a new position in shares of Despegar.com during the third quarter worth about $8,763,000. Annex Advisory Services LLC acquired a new stake in shares of Despegar.com during the fourth quarter worth about $9,499,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Despegar.com by 1,083.7% in the 4th quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company’s stock valued at $7,202,000 after purchasing an additional 342,528 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Price Performance

NYSE:DESP opened at $18.91 on Friday. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55. The stock’s 50 day simple moving average is $19.18 and its 200-day simple moving average is $17.21.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. B. Riley downgraded shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.20.

Despegar.com Company 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.