Other equities analysts also recently issued reports about the stock. Citigroup dropped their price objective on shares of Despegar.com from $15.00 to $12.00 and set a buy rating on the stock in a research note on Friday, August 26th. Morgan Stanley lifted their price objective on shares of Despegar.com from $10.00 to $10.50 and gave the company an equal weight rating in a report on Tuesday, August 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $11.50.
Despegar.com Stock Down 1.2 %
DESP opened at $5.55 on Monday. The firm has a 50-day simple moving average of $6.24 and a two-hundred day simple moving average of $7.49. Despegar.com has a 52 week low of $5.14 and a 52 week high of $12.70. The company has a market capitalization of $395.44 million, a PE ratio of -4.96 and a beta of 1.89.
Institutional Investors Weigh In On Despegar.com
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Despegar.com during the 1st quarter worth $1,756,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Despegar.com by 4.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,119 shares of the company’s stock worth $1,441,000 after purchasing an additional 5,159 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Despegar.com in the first quarter worth approximately $584,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Despegar.com by 6.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,191,839 shares of the company’s stock worth $26,740,000 after acquiring an additional 136,637 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Despegar.com in the first quarter worth approximately $592,000. 56.96% of the stock is owned by hedge funds and other institutional investors.
Despegar.com, Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates in two segments, Air; and Packages, Hotels and Other Travel Products. It offers airline tickets; and travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
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