Russell Investments Group Ltd. Has $7.20 Million Stake in Despegar.com, Corp. (NYSE:DESP)

Russell Investments Group Ltd. grew its holdings in Despegar.com, Corp. (NYSE:DESP) by 1,083.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,134 shares of the company’s stock after acquiring an additional 342,528 shares during the quarter. Russell Investments Group Ltd. owned 0.45% of Despegar.com worth $7,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Despegar.com in the 4th quarter worth approximately $68,000. Point72 Asset Management L.P. acquired a new position in shares of Despegar.com during the third quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Despegar.com in the 4th quarter valued at about $104,000. OLD Mission Capital LLC bought a new position in Despegar.com in the fourth quarter valued at approximately $221,000. Finally, FMR LLC bought a new position in shares of Despegar.com in the 3rd quarter worth $173,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DESP. B. Riley downgraded Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research report 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.20.

Despegar.com Price Performance

DESP stock opened at $19.09 on Friday. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55. The firm has a 50-day moving average price of $19.16 and a 200-day moving average price of $17.50.

Despegar.com Company 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.