Alpine Global Management LLC Acquires New Stake in Despegar.com, Corp. (NYSE:DESP)

Alpine Global Management LLC bought a new stake in Despegar.com, Corp. (NYSE:DESP) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 40,000 shares of the company’s stock, valued at approximately $770,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in Despegar.com by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 37,706 shares of the company’s stock valued at $726,000 after acquiring an additional 2,070 shares in the last quarter. PEAK6 LLC purchased a new stake in shares of Despegar.com in the fourth quarter valued at $845,000. Gabelli Funds LLC acquired a new stake in Despegar.com in the 4th quarter worth about $520,000. Barclays PLC increased its stake in shares of Despegar.com by 6.9% during the 4th quarter. Barclays PLC now owns 98,192 shares of the company’s stock valued at $1,891,000 after acquiring an additional 6,304 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Despegar.com by 756.8% in the fourth 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 during the last quarter. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DESP has been the topic of a number of research analyst reports. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. B. Riley lowered Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.20.

Despegar.com Stock Up 0.3 %

Shares of NYSE:DESP opened at $19.15 on Tuesday. The firm has a 50-day simple moving average of $19.14 and a 200 day simple moving average of $17.80. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.

Despegar.com 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.