Penserra Capital Management LLC bought a new position in shares of Despegar Com Inc (NYSE:DESP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,762 shares of the company’s stock, valued at approximately $900,000.
Several other large investors also recently bought and sold shares of DESP. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Despegar Com during the third quarter worth $160,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Despegar Com in the third quarter worth $192,000. Nationwide Fund Advisors purchased a new stake in shares of Despegar Com in the third quarter worth $253,000. Malaga Cove Capital LLC purchased a new stake in shares of Despegar Com in the fourth quarter worth $274,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Despegar Com in the third quarter worth $332,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.
A number of equities research analysts recently issued reports on DESP shares. UBS Group upgraded Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Thursday, January 11th. Zacks Investment Research upgraded Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, December 15th. Cowen reiterated a “buy” rating and issued a $35.00 price objective on shares of Despegar Com in a research report on Sunday, November 19th. Finally, Morgan Stanley increased their price objective on Despegar Com from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Despegar Com currently has an average rating of “Buy” and a consensus price target of $35.00.
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Despegar Com Company Profile
Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.
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