Despegar.com (NYSE:DESP) Stock Price Up 1.3%

Shares of Despegar.com, Corp. (NYSE:DESP) rose 1.3% during mid-day trading on Wednesday . The company traded as high as $12.53 and last traded at $12.52. Approximately 385,068 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 578,458 shares. The stock had previously closed at $12.36.

Wall Street Analyst Weigh In

DESP has been the subject of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $14.00 price target on shares of Despegar.com in a research report on Friday, March 22nd. B. Riley restated a “buy” rating and issued a $16.00 price target (up from $15.00) on shares of Despegar.com in a research report on Friday, March 15th.

Despegar.com Stock Up 2.3 %

The company has a market capitalization of $866.99 million, a PE ratio of -50.48 and a beta of 2.05. The firm has a 50-day moving average of $10.09 and a two-hundred day moving average of $8.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming purchased a new position in Despegar.com in the fourth quarter worth approximately $29,000. BNP Paribas Arbitrage SA purchased a new position in Despegar.com in the first quarter worth approximately $38,000. UBS Group AG grew its position in Despegar.com by 246.3% in the second quarter. UBS Group AG now owns 4,671 shares of the company’s stock worth $38,000 after acquiring an additional 3,322 shares during the period. Tucker Asset Management LLC purchased a new position in Despegar.com in the fourth quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC lifted its stake in Despegar.com by 83.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock worth $44,000 after purchasing an additional 2,104 shares in the last quarter. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

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.