PEAK6 Investments LLC Acquires 15,144 Shares of Despegar.com, Corp. (NYSE:DESP)

PEAK6 Investments LLC raised its holdings in Despegar.com, Corp. (NYSE:DESP) by 21.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,933 shares of the company’s stock after purchasing an additional 15,144 shares during the period. PEAK6 Investments LLC’s holdings in Despegar.com were worth $1,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Amalgamated Bank bought a new stake in shares of Despegar.com in the second quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of Despegar.com during the 2nd quarter worth $87,000. Sanctuary Advisors LLC bought a new position in shares of Despegar.com in the second quarter worth $128,000. MQS Management LLC bought a new position in shares of Despegar.com in the second quarter worth $136,000. Finally, Catalytic Wealth RIA LLC acquired a new position in Despegar.com in the second quarter valued at about $172,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DESP has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a report on Friday, August 16th. Morgan Stanley lifted 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. Finally, TD Cowen cut Despegar.com from a “buy” rating to a “sell” rating and upped their target price for the stock from $12.00 to $14.00 in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.20.

Despegar.com Trading Down 0.9 %

DESP stock opened at $17.73 on Tuesday. The company has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $13.48. Despegar.com, Corp. has a 1 year low of $8.02 and a 1 year high of $19.00.

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.