Despegar.com, Corp. (NYSE:DESP) Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Despegar.com, Corp. (NYSE:DESP) by 72.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,960 shares of the company’s stock after acquiring an additional 14,677 shares during the period. Intech Investment Management LLC’s holdings in Despegar.com were worth $673,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. lifted its holdings in Despegar.com by 1.3% in the third quarter. Itau Unibanco Holding S.A. now owns 2,099,156 shares of the company’s stock worth $26,030,000 after purchasing an additional 26,443 shares during the period. Woodson Capital Management LP lifted its holdings in shares of Despegar.com by 78.4% in the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company’s stock valued at $17,694,000 after buying an additional 626,952 shares during the period. MayTech Global Investments LLC boosted its stake in Despegar.com by 23.1% during the third quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company’s stock valued at $13,661,000 after buying an additional 207,023 shares in the last quarter. State Street Corp grew its holdings in Despegar.com by 37.6% during the third quarter. State Street Corp now owns 958,706 shares of the company’s stock worth $11,888,000 after acquiring an additional 261,991 shares during the period. Finally, TT International Asset Management LTD bought a new stake in Despegar.com in the third quarter worth about $8,763,000. 67.93% of the stock is currently owned by institutional investors.

Despegar.com Stock Down 0.0 %

DESP stock opened at $19.24 on Monday. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55. The firm has a 50-day moving average of $19.23 and a two-hundred day moving average of $16.77.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DESP shares. Morgan Stanley lifted their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. B. Riley lowered shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.20.

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.