Russell Investments Group Ltd. Purchases 342,528 Shares of Despegar.com, Corp. (NYSE:DESP)

Russell Investments Group Ltd. grew its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 1,083.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,134 shares of the company’s stock after buying an additional 342,528 shares during the quarter. Russell Investments Group Ltd.’s holdings in Despegar.com were worth $7,202,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Despegar.com by 76.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company’s stock valued at $3,183,000 after buying an additional 111,233 shares during the period. FMR LLC purchased a new stake in Despegar.com during the 3rd quarter worth about $173,000. Verition Fund Management LLC purchased a new stake in shares of Despegar.com in the third quarter worth about $364,000. Point72 Asset Management L.P. purchased a new stake in Despegar.com in the 3rd quarter worth approximately $56,000. Finally, State Street Corp boosted its stake in Despegar.com by 37.6% during 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. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Price Performance

DESP opened at $19.09 on Friday. The firm has a 50 day moving average price of $19.16 and a 200-day moving average price of $17.50. Despegar.com, Corp. has a twelve month low of $9.25 and a twelve month high of $19.55.

Analyst Upgrades and Downgrades

DESP has been the subject of a number of research analyst reports. TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. B. Riley cut shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.