Despegar.com (NYSE:DESP) Upgraded at TD Cowen

TD Cowen upgraded shares of Despegar.com (NYSE:DESP) from a sell rating to a hold rating in a research note published on Tuesday morning, Marketbeat Ratings reports.

Separately, Morgan Stanley raised their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Despegar.com Stock Down 0.5 %

Shares of NYSE:DESP opened at $19.35 on Tuesday. Despegar.com has a twelve month low of $8.06 and a twelve month high of $19.55. The company has a 50 day moving average of $16.24 and a 200-day moving average of $13.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in Despegar.com in the 2nd quarter valued at approximately $1,102,000. Principal Financial Group Inc. acquired a new position in shares of Despegar.com in the third quarter valued at $591,000. MayTech Global Investments LLC lifted its position in Despegar.com by 23.1% in the third quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company’s stock worth $13,661,000 after purchasing an additional 207,023 shares during the period. Rhumbline Advisers bought a new stake in Despegar.com in the 2nd quarter valued at $1,159,000. Finally, Yarra Square Partners LP raised its stake in shares of Despegar.com by 15.2% in the 2nd quarter. Yarra Square Partners LP now owns 443,400 shares of the company’s stock valued at $5,866,000 after buying an additional 58,400 shares in the last quarter. Institutional investors own 67.93% of the company’s stock.

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.