28,636 Shares in Despegar.com, Corp. (NYSE:DESP) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP) in the 4th quarter, HoldingsChannel reports. The firm acquired 28,636 shares of the company’s stock, valued at approximately $551,000.

Several other hedge funds also recently bought and sold shares of DESP. Quarry LP boosted its stake in Despegar.com by 107.1% during the third quarter. Quarry LP now owns 2,769 shares of the company’s stock worth $34,000 after buying an additional 1,432 shares during the period. Point72 Asset Management L.P. purchased a new position in Despegar.com during the third quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com during the fourth quarter worth about $104,000. FMR LLC purchased a new position in Despegar.com during the third quarter worth about $173,000. Finally, Intech Investment Management LLC purchased a new position in shares of Despegar.com in the third quarter valued at approximately $252,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Trading Down 0.2 %

Shares of Despegar.com stock opened at $19.22 on Tuesday. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The company has a 50 day moving average of $19.22 and a 200 day moving average of $16.57.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DESP shares. B. Riley lowered shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Morgan Stanley raised their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.20.

About Despegar.com

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.