Despegar.com, Corp. (NYSE:DESP) Shares Sold by Global Endowment Management LP

Global Endowment Management LP trimmed its position in Despegar.com, Corp. (NYSE:DESP) by 26.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,476 shares of the company’s stock after selling 12,827 shares during the period. Global Endowment Management LP’s holdings in Despegar.com were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DESP. Sterling Capital Management LLC grew its position in shares of Despegar.com by 756.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after acquiring an additional 1,506 shares in the last quarter. Legal & General Group Plc increased its stake in Despegar.com by 13.7% during the fourth quarter. Legal & General Group Plc now owns 13,199 shares of the company’s stock valued at $254,000 after purchasing an additional 1,588 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Despegar.com during the fourth quarter worth $68,000. SkyView Investment Advisors LLC lifted its position in shares of Despegar.com by 1.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock worth $3,068,000 after buying an additional 4,118 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Despegar.com by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 52,162 shares of the company’s stock valued at $1,004,000 after buying an additional 4,528 shares during the period. 67.93% of the stock is owned by institutional investors.

Despegar.com Trading Up 0.1 %

NYSE DESP opened at $19.09 on Thursday. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55. The company’s 50 day simple moving average is $19.15 and its 200 day simple moving average is $17.60.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DESP. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. B. Riley cut shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.