PEAK6 Investments LLC Has $1.07 Million Stake in Despegar.com, Corp. (NYSE:DESP)

PEAK6 Investments LLC lifted its position in shares of Despegar.com, Corp. (NYSE:DESP) by 21.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,933 shares of the company’s stock after buying an additional 15,144 shares during the period. PEAK6 Investments LLC owned about 0.13% of Despegar.com worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. MayTech Global Investments LLC increased its position 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 acquiring an additional 207,023 shares during the last quarter. Beaconlight Capital LLC increased its position in shares of Despegar.com by 365.0% during the 3rd quarter. Beaconlight Capital LLC now owns 589,468 shares of the company’s stock worth $7,309,000 after purchasing an additional 462,696 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Despegar.com by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 35,636 shares of the company’s stock worth $442,000 after purchasing an additional 20,080 shares in the last quarter. FMR LLC acquired a new stake in shares of Despegar.com in the 3rd quarter valued at approximately $173,000. Finally, Algert Global LLC bought a new position in shares of Despegar.com in the third quarter valued at $878,000. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DESP has been the subject of several recent analyst reports. TD Cowen downgraded shares of Despegar.com from a “buy” rating to a “sell” rating and raised their target price for the company from $12.00 to $14.00 in a research note on Monday, November 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $17.00 target price on shares of Despegar.com in a research note on Friday, August 16th. Finally, Morgan Stanley increased their price target on Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.20.

Despegar.com Stock Performance

Shares of NYSE:DESP opened at $17.73 on Tuesday. Despegar.com, Corp. has a 12-month low of $8.02 and a 12-month high of $19.00. The business has a 50 day moving average of $14.81 and a 200-day moving average of $13.48.

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.