Annex Advisory Services LLC Acquires New Position in Despegar.com, Corp. (NYSE:DESP)

Annex Advisory Services LLC bought a new position in shares of Despegar.com, Corp. (NYSE:DESP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 493,445 shares of the company’s stock, valued at approximately $9,499,000.

A number of other hedge funds have also bought and sold shares of DESP. Principal Financial Group Inc. purchased a new stake in shares of Despegar.com during the third quarter valued at $591,000. Franklin Resources Inc. acquired a new stake in Despegar.com during the 3rd quarter worth about $395,000. Blankinship & Foster LLC purchased a new stake in Despegar.com during the 3rd quarter valued at about $288,000. SkyView Investment Advisors LLC increased its holdings in shares of Despegar.com by 1.7% in the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock valued at $3,068,000 after purchasing an additional 4,118 shares during the period. Finally, Barclays PLC raised its stake in shares of Despegar.com by 298.5% in the third quarter. Barclays PLC now owns 91,888 shares of the company’s stock worth $1,139,000 after purchasing an additional 68,829 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Trading Up 0.2 %

Shares of DESP stock opened at $19.18 on Monday. Despegar.com, Corp. has a twelve month low of $8.06 and a twelve month high of $19.55. The stock has a 50 day moving average of $17.78 and a 200 day moving average of $14.43.

Analyst Ratings Changes

A number of equities research analysts recently commented on DESP shares. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley upped their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Despegar.com currently has an average rating of “Moderate Buy” 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.