Loomis Sayles & Co. L P Sells 515,767 Shares of Despegar.com, Corp. (NYSE:DESP)

Loomis Sayles & Co. L P decreased its holdings in Despegar.com, Corp. (NYSE:DESP) by 69.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,687 shares of the company’s stock after selling 515,767 shares during the period. Loomis Sayles & Co. L P owned about 0.28% of Despegar.com worth $4,441,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Quarry LP increased its holdings in Despegar.com by 107.1% in the 3rd quarter. Quarry LP now owns 2,769 shares of the company’s stock worth $34,000 after buying an additional 1,432 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com in the fourth quarter worth approximately $68,000. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com in the third quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Despegar.com during the fourth quarter valued at approximately $104,000. Finally, FMR LLC bought a new position in Despegar.com during the third quarter valued at approximately $173,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Stock Performance

Shares of NYSE DESP opened at $18.52 on Friday. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55. The firm has a 50 day moving average of $19.21 and a 200 day moving average of $16.98.

Analyst Ratings Changes

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

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.