Tidal Investments LLC acquired a new stake in Despegar.com, Corp. (NYSE:DESP – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 379,079 shares of the company’s stock, valued at approximately $4,534,000. Tidal Investments LLC owned approximately 0.57% of Despegar.com as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Quadrature Capital Ltd boosted its stake in shares of Despegar.com by 108.5% during the first quarter. Quadrature Capital Ltd now owns 185,891 shares of the company’s stock valued at $2,220,000 after purchasing an additional 96,739 shares in the last quarter. Yarra Square Partners LP acquired a new stake in shares of Despegar.com during the first quarter valued at about $4,605,000. TimesSquare Capital Management LLC boosted its stake in shares of Despegar.com by 27.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 396,400 shares of the company’s stock valued at $3,750,000 after purchasing an additional 85,600 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Despegar.com during the first quarter valued at about $3,138,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Despegar.com during the fourth quarter valued at about $189,000. 67.93% of the stock is owned by institutional investors and hedge funds.
Despegar.com Price Performance
NYSE:DESP traded down $0.36 during mid-day trading on Friday, hitting $10.37. 162,723 shares of the stock traded hands, compared to its average volume of 872,260. The business’s 50-day moving average price is $13.50 and its 200 day moving average price is $11.73. Despegar.com, Corp. has a 12-month low of $6.09 and a 12-month high of $15.82.
Analyst Ratings Changes
DESP has been the subject of a number of analyst reports. Cantor Fitzgerald raised their price objective on Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. B. Riley raised their price objective on Despegar.com from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Citigroup lifted their target price on Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd.
Check Out Our Latest Stock Analysis on Despegar.com
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.
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