Gabelli Funds LLC Acquires Shares of 27,000 Despegar.com, Corp. (NYSE:DESP)

Gabelli Funds LLC bought a new position in Despegar.com, Corp. (NYSE:DESP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,000 shares of the company’s stock, valued at approximately $520,000.

A number of other large investors have also recently made changes to their positions in DESP. Sterling Capital Management LLC lifted its stake in 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 purchasing an additional 1,506 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com during the 4th quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com during the 4th quarter valued at $104,000. Quinn Opportunity Partners LLC bought a new position in Despegar.com in the 4th quarter valued at $194,000. Finally, OLD Mission Capital LLC purchased a new stake in Despegar.com in the fourth quarter worth $221,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Despegar.com Trading Down 0.0 %

NYSE DESP opened at $19.10 on Friday. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The firm’s 50 day moving average price is $19.15 and its 200-day moving average price is $17.72.

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.