Corebridge Financial Inc. Sells 2,308 Shares of Despegar.com, Corp. (NYSE:DESP)

Corebridge Financial Inc. lowered its holdings in Despegar.com, Corp. (NYSE:DESP) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,570 shares of the company’s stock after selling 2,308 shares during the period. Corebridge Financial Inc.’s holdings in Despegar.com were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Quarry LP raised its holdings in 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 acquiring an additional 1,432 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com during the 4th quarter valued at $68,000. O Brien Greene & Co. Inc lifted its holdings in Despegar.com by 4.1% during the 3rd quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company’s stock worth $1,252,000 after purchasing an additional 4,000 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Despegar.com by 1.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock worth $3,068,000 after purchasing an additional 4,118 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Despegar.com in the 3rd quarter worth about $56,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Despegar.com Price Performance

Shares of NYSE DESP opened at $19.03 on Tuesday. The business has a 50-day moving average of $19.18 and a 200-day moving average of $17.29. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DESP. B. Riley downgraded shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.20.

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.