Despegar.com, Corp. (NYSE:DESP) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Despegar.com, Corp. (NYSE:DESP) by 554.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 497,861 shares of the company’s stock after purchasing an additional 421,826 shares during the quarter. Invesco Ltd. owned approximately 0.60% of Despegar.com worth $9,584,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Despegar.com by 37.6% in the third quarter. State Street Corp now owns 958,706 shares of the company’s stock valued at $11,888,000 after purchasing an additional 261,991 shares during the last quarter. Barclays PLC grew its holdings in Despegar.com by 298.5% during the 3rd quarter. Barclays PLC now owns 91,888 shares of the company’s stock valued at $1,139,000 after buying an additional 68,829 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Despegar.com by 1.7% during the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock worth $3,068,000 after buying an additional 4,118 shares in the last quarter. Blankinship & Foster LLC acquired a new position in shares of Despegar.com in the third quarter worth $288,000. Finally, Franklin Resources Inc. acquired a new position in shares of Despegar.com in the third quarter worth $395,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Stock Down 0.4 %

Shares of NYSE:DESP opened at $19.18 on Thursday. The business has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $17.82. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.

Analysts Set New Price Targets

Separately, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.