Susquehanna Fundamental Investments LLC lifted its holdings in shares of Despegar.com, Corp. (NYSE:DESP – Free Report) by 163.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,455 shares of the company’s stock after purchasing an additional 52,345 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Despegar.com worth $1,117,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP increased its position in Despegar.com by 4.8% in the 1st quarter. Quantbot Technologies LP now owns 31,462 shares of the company’s stock worth $376,000 after buying an additional 1,452 shares during the period. Amalgamated Bank acquired a new position in shares of Despegar.com during the second quarter worth approximately $28,000. Tucker Asset Management LLC acquired a new position in shares of Despegar.com during the fourth quarter valued at $40,000. SkyView Investment Advisors LLC lifted its position in Despegar.com by 2.1% during the 1st quarter. SkyView Investment Advisors LLC now owns 232,579 shares of the company’s stock valued at $2,782,000 after purchasing an additional 4,727 shares during the period. Finally, Hood River Capital Management LLC boosted its stake in Despegar.com by 71.1% in the second quarter. Hood River Capital Management LLC now owns 14,461 shares of the company’s stock valued at $191,000 after acquiring an additional 6,011 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors.
Despegar.com Trading Down 0.6 %
Shares of DESP opened at $12.32 on Wednesday. Despegar.com, Corp. has a 52 week low of $6.09 and a 52 week high of $15.82. The firm’s 50-day simple moving average is $11.66 and its 200 day simple moving average is $12.56.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on DESP shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price target on shares of Despegar.com in a report on Friday, August 16th. Citigroup raised their price target on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, TD Cowen boosted their price objective on shares of Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th.
Get Our Latest Report on Despegar.com
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.
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