Tower Research Capital LLC TRC raised its holdings in shares of Despegar.com, Corp. (NYSE:DESP – Free Report) by 83.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,617 shares of the company’s stock after purchasing an additional 2,104 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Despegar.com were worth $44,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Ieq Capital LLC acquired a new position in Despegar.com during the 3rd quarter valued at approximately $269,000. Quantbot Technologies LP bought a new stake in Despegar.com during the 3rd quarter valued at $74,000. Campbell & CO Investment Adviser LLC raised its stake in Despegar.com by 186.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 72,523 shares of the company’s stock valued at $526,000 after acquiring an additional 47,218 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Despegar.com by 1.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,623,787 shares of the company’s stock valued at $26,272,000 after acquiring an additional 63,650 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Despegar.com by 13.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,808,162 shares of the company’s stock valued at $13,109,000 after acquiring an additional 210,128 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.
Despegar.com Stock Performance
Shares of NYSE:DESP traded up $0.31 during midday trading on Thursday, reaching $12.38. The company had a trading volume of 420,168 shares, compared to its average volume of 632,214. Despegar.com, Corp. has a 1-year low of $5.24 and a 1-year high of $13.23. The firm has a market cap of $817.82 million, a price-to-earnings ratio of -47.42 and a beta of 2.03. The company has a fifty day simple moving average of $11.07 and a two-hundred day simple moving average of $9.31.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on DESP
Despegar.com 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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