Annex Advisory Services LLC Invests $9.50 Million in Despegar.com, Corp. (NYSE:DESP)

Annex Advisory Services LLC purchased a new stake in Despegar.com, Corp. (NYSE:DESP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 493,445 shares of the company’s stock, valued at approximately $9,499,000. Annex Advisory Services LLC owned about 0.75% of Despegar.com at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in Despegar.com during the second quarter worth $28,000. Quarry LP boosted its stake in shares of Despegar.com by 107.1% during the 3rd quarter. Quarry LP now owns 2,769 shares of the company’s stock worth $34,000 after purchasing an additional 1,432 shares during the period. Point72 Asset Management L.P. bought a new position in Despegar.com during the 3rd quarter valued at about $56,000. Sanctuary Advisors LLC purchased a new stake in Despegar.com in the 2nd quarter worth about $128,000. Finally, MQS Management LLC bought a new stake in Despegar.com in the second quarter worth about $136,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Trading Up 0.2 %

Shares of NYSE DESP opened at $19.18 on Monday. Despegar.com, Corp. has a 52-week low of $8.06 and a 52-week high of $19.55. The stock has a 50 day moving average price of $17.78 and a 200 day moving average price of $14.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DESP shares. Morgan Stanley increased their price target on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.