Gordian Capital Singapore Pte Ltd Acquires 10,000 Shares of Despegar.com, Corp. (NYSE:DESP)

Gordian Capital Singapore Pte Ltd boosted its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 40.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Gordian Capital Singapore Pte Ltd owned about 0.05% of Despegar.com worth $434,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP raised its position in shares of Despegar.com by 107.1% during the 3rd quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after purchasing an additional 1,432 shares during the period. Amalgamated Bank purchased a new position in shares of Despegar.com during the second quarter valued at about $28,000. Point72 Asset Management L.P. bought a new stake in shares of Despegar.com in the third quarter worth about $56,000. Hood River Capital Management LLC lifted its position in shares of Despegar.com by 71.1% in the second quarter. Hood River Capital Management LLC now owns 14,461 shares of the company’s stock worth $191,000 after buying an additional 6,011 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Despegar.com during the second quarter valued at approximately $87,000. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DESP. Morgan Stanley upped their target price on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $17.00 price objective on shares of Despegar.com in a report on Friday, August 16th. Finally, TD Cowen downgraded shares of 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.20.

Despegar.com Price Performance

DESP opened at $17.53 on Monday. The business’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $13.55. Despegar.com, Corp. has a 12-month low of $8.06 and a 12-month high of $19.00.

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.