Despegar.com (NYSE:DESP) Price Target Raised to $21.00 at Morgan Stanley

Despegar.com (NYSE:DESP) had its price target lifted by Morgan Stanley from $17.00 to $21.00 in a research report report published on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued reports about the stock. TD Cowen lowered shares of Despegar.com from a “buy” rating to a “sell” rating and increased their target price for the stock from $12.00 to $14.00 in a research note on Monday, November 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Despegar.com presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Despegar.com Price Performance

Shares of DESP opened at $17.89 on Friday. Despegar.com has a 52-week low of $7.83 and a 52-week high of $19.00. The business’s 50 day moving average price is $14.70 and its two-hundred day moving average price is $13.45.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in shares of Despegar.com in the 2nd quarter worth about $1,102,000. SG Americas Securities LLC purchased a new stake in shares of Despegar.com in the second quarter worth approximately $2,006,000. Principal Financial Group Inc. purchased a new stake in shares of Despegar.com in the third quarter worth approximately $591,000. MayTech Global Investments LLC lifted its holdings in shares of Despegar.com by 23.1% in the third quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company’s stock valued at $13,661,000 after purchasing an additional 207,023 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in Despegar.com during the second quarter worth $1,159,000. 67.93% of the stock is owned by institutional investors.

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.