MayTech Global Investments LLC Raises Holdings in Despegar.com, Corp. (NYSE:DESP)

MayTech Global Investments LLC boosted its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 23.1% in the 3rd quarter, Holdings Channel reports. The fund owned 1,101,684 shares of the company’s stock after buying an additional 207,023 shares during the period. Despegar.com makes up 1.8% of MayTech Global Investments LLC’s investment portfolio, making the stock its 18th largest position. MayTech Global Investments LLC’s holdings in Despegar.com were worth $13,661,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Amalgamated Bank acquired a new position in shares of Despegar.com in the second quarter worth about $28,000. LRI Investments LLC acquired a new position in Despegar.com in the 2nd quarter worth about $87,000. Sanctuary Advisors LLC acquired a new stake in Despegar.com in the second quarter valued at approximately $128,000. Bayesian Capital Management LP acquired a new stake in Despegar.com in the first quarter valued at approximately $132,000. Finally, MQS Management LLC acquired a new position in shares of Despegar.com during the 2nd quarter worth approximately $136,000. 67.93% of the stock is owned by institutional investors and hedge funds.

Despegar.com Stock Down 2.3 %

Shares of NYSE:DESP opened at $17.73 on Thursday. The business’s 50 day moving average price is $14.49 and its 200-day moving average price is $13.36. Despegar.com, Corp. has a 1 year low of $7.83 and a 1 year high of $19.00.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DESP shares. TD Cowen cut shares of Despegar.com from a “buy” rating to a “sell” rating and lifted their price target for the company from $12.00 to $14.00 in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a research report on Friday, August 16th.

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.