Mirae Asset Global Investments Co. Ltd. acquired a new position in Despegar.com Corp (NYSE:DESP) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 63,164 shares of the company’s stock, valued at approximately $1,066,000.
Other hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. bought a new position in shares of Despegar.com during the third quarter worth approximately $8,044,000. Cohen Capital Management Inc. increased its holdings in shares of Despegar.com by 11.3% during the third quarter. Cohen Capital Management Inc. now owns 108,610 shares of the company’s stock worth $1,832,000 after purchasing an additional 11,000 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Despegar.com by 140.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,066 shares of the company’s stock worth $102,000 after purchasing an additional 3,538 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Despegar.com during the third quarter worth approximately $10,672,000. Finally, Albert D Mason Inc. increased its holdings in shares of Despegar.com by 39.3% during the third quarter. Albert D Mason Inc. now owns 26,565 shares of the company’s stock worth $448,000 after purchasing an additional 7,490 shares during the period. Hedge funds and other institutional investors own 66.55% of the company’s stock.
Shares of DESP opened at $14.13 on Friday. Despegar.com Corp has a 12 month low of $13.54 and a 12 month high of $36.56. The company has a market cap of $977.26 million, a PE ratio of 33.64 and a beta of -0.35.
Separately, Zacks Investment Research raised shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Despegar.com has an average rating of “Hold” and a consensus target price of $29.14.
Despegar.com Company Profile
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
Further Reading: Institutional Investors
Want to see what other hedge funds are holding DESP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Despegar.com Corp (NYSE:DESP).
Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.