Despegar.com, Corp. (NYSE:DESP) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC reduced its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 73,000 shares of the company’s stock after selling 10,000 shares during the period. Deltec Asset Management LLC’s holdings in Despegar.com were worth $1,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DESP. Quarry LP raised its holdings in Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after acquiring an additional 1,432 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Despegar.com in the 3rd quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Despegar.com during the fourth quarter worth about $104,000. Sanctuary Advisors LLC bought a new position in shares of Despegar.com during the second quarter worth about $128,000. Finally, FMR LLC acquired a new position in Despegar.com in the third quarter worth about $173,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DESP. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised their price objective on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Despegar.com Stock Up 0.1 %

NYSE:DESP opened at $19.21 on Wednesday. The stock has a 50 day moving average of $18.35 and a 200-day moving average of $14.93. Despegar.com, Corp. has a 52 week low of $8.06 and a 52 week high of $19.55.

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.