Peak6 LLC Takes Position in Despegar.com, Corp. (NYSE:DESP)

Peak6 LLC acquired a new stake in shares of Despegar.com, Corp. (NYSE:DESP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 43,920 shares of the company’s stock, valued at approximately $845,000.

Several other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. purchased a new stake in Despegar.com during the third quarter valued at approximately $395,000. Barclays PLC lifted its holdings in shares of Despegar.com by 298.5% during the 3rd quarter. Barclays PLC now owns 91,888 shares of the company’s stock valued at $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Despegar.com in the 3rd quarter worth $591,000. SG Americas Securities LLC grew its stake in Despegar.com by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company’s stock worth $557,000 after buying an additional 18,872 shares during the last quarter. Finally, State Street Corp increased its position in Despegar.com by 37.6% during the 3rd quarter. State Street Corp now owns 958,706 shares of the company’s stock valued at $11,888,000 after buying an additional 261,991 shares in the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Despegar.com Stock Performance

Shares of NYSE DESP opened at $19.10 on Monday. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55. The company has a 50 day simple moving average of $19.15 and a two-hundred day simple moving average of $17.76.

About Despegar.com

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.