Mirae Asset Global Investments Co. Ltd. Buys 88,269 Shares of Despegar.com, Corp. (NYSE:DESP)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 43.3% during the fourth quarter, HoldingsChannel reports. The firm owned 292,005 shares of the company’s stock after purchasing an additional 88,269 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Despegar.com were worth $2,762,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Altfest L J & Co. Inc. bought a new stake in shares of Despegar.com during the 4th quarter valued at about $438,000. Wealthsource Partners LLC boosted its stake in Despegar.com by 1.9% during the fourth quarter. Wealthsource Partners LLC now owns 59,799 shares of the company’s stock worth $566,000 after acquiring an additional 1,122 shares in the last quarter. Walleye Capital LLC bought a new stake in Despegar.com during the third quarter worth about $158,000. Quadrature Capital Ltd boosted its stake in Despegar.com by 117.0% during the third quarter. Quadrature Capital Ltd now owns 43,012 shares of the company’s stock worth $311,000 after acquiring an additional 23,195 shares in the last quarter. Finally, Dumac Inc. boosted its stake in Despegar.com by 841.0% during the third quarter. Dumac Inc. now owns 196,942 shares of the company’s stock worth $1,428,000 after acquiring an additional 176,012 shares in the last quarter. Institutional investors own 67.93% of the company’s stock.

Despegar.com Stock Performance

Shares of Despegar.com stock opened at $11.32 on Friday. The stock has a market capitalization of $747.80 million, a PE ratio of -43.54 and a beta of 2.05. Despegar.com, Corp. has a 52-week low of $4.92 and a 52-week high of $13.23. The company has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $8.94.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. B. Riley reissued a “buy” rating and set a $16.00 price objective (up previously from $15.00) on shares of Despegar.com in a research note on Friday, March 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $14.00 price objective on shares of Despegar.com in a research note on Friday, March 22nd.

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.