Channing Global Advisors LLC Takes Position in Despegar.com, Corp. (NYSE:DESP)

Channing Global Advisors LLC bought a new stake in Despegar.com, Corp. (NYSE:DESP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,089 shares of the company’s stock, valued at approximately $406,000.

Other large investors also recently modified their holdings of the company. Quarry LP lifted its holdings in shares of Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after purchasing an additional 1,432 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Despegar.com during the fourth quarter valued at approximately $104,000. Sanctuary Advisors LLC purchased a new stake in shares of Despegar.com during the second quarter valued at approximately $128,000. Finally, FMR LLC purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $173,000. Institutional investors own 67.93% of the company’s stock.

Despegar.com Price Performance

NYSE:DESP opened at $19.22 on Wednesday. The business has a fifty day simple moving average of $18.46 and a two-hundred day simple moving average of $15.12. Despegar.com, Corp. has a 1 year low of $8.06 and a 1 year high of $19.55.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley increased their price target on Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

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.