Penserra Capital Management LLC Acquires Shares of 32,762 Despegar Com Inc (DESP)
Penserra Capital Management LLC acquired a new position in shares of Despegar Com Inc (NYSE:DESP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,762 shares of the company’s stock, valued at approximately $900,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC bought a new position in Despegar Com during the 3rd quarter worth approximately $160,000. Cubist Systematic Strategies LLC bought a new position in Despegar Com during the 3rd quarter worth approximately $192,000. Nationwide Fund Advisors bought a new position in Despegar Com during the 3rd quarter worth approximately $253,000. Malaga Cove Capital LLC bought a new position in Despegar Com during the 4th quarter worth approximately $274,000. Finally, SG Americas Securities LLC bought a new position in Despegar Com in the third quarter valued at approximately $332,000. 72.52% of the stock is currently owned by institutional investors and hedge funds.
Despegar Com Inc (NYSE DESP) opened at $27.91 on Wednesday. Despegar Com Inc has a one year low of $22.73 and a one year high of $34.70.
DESP has been the topic of a number of research reports. UBS Group raised shares of Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, December 15th. Cowen reaffirmed a “buy” rating and issued a $35.00 price target on shares of Despegar Com in a research note on Sunday, November 19th. Morgan Stanley lifted their price target on shares of Despegar Com from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, Citigroup initiated coverage on shares of Despegar Com in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.00.
About Despegar Com
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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