OLD Mission Capital LLC Acquires Shares of 11,474 Despegar.com, Corp. (NYSE:DESP)

OLD Mission Capital LLC bought a new position in Despegar.com, Corp. (NYSE:DESP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 11,474 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also recently modified their holdings of DESP. Quarry LP lifted its position in Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company’s stock worth $34,000 after buying an additional 1,432 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com in the 4th quarter worth about $68,000. O Brien Greene & Co. Inc boosted its stake in shares of Despegar.com by 4.1% during the 3rd quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company’s stock worth $1,252,000 after purchasing an additional 4,000 shares during the period. SkyView Investment Advisors LLC grew its holdings in Despegar.com by 1.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock valued at $3,068,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Despegar.com in the 3rd quarter worth about $56,000. Institutional investors own 67.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DESP has been the subject of several recent analyst reports. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.20.

Despegar.com Stock Performance

Shares of DESP stock opened at $19.03 on Tuesday. The company’s 50-day simple moving average is $19.18 and its two-hundred day simple moving average is $17.29. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55.

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.