Despegar.com, Corp. (NYSE:DESP) Shares Sold by Global Endowment Management LP

Global Endowment Management LP decreased its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,476 shares of the company’s stock after selling 12,827 shares during the period. Global Endowment Management LP’s holdings in Despegar.com were worth $702,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DESP. Arrowstreet Capital Limited Partnership increased its position in Despegar.com by 2,086.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,137,974 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,085,931 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Despegar.com during the 4th quarter worth about $9,499,000. Invesco Ltd. boosted its position in Despegar.com by 554.8% during the fourth quarter. Invesco Ltd. now owns 497,861 shares of the company’s stock worth $9,584,000 after acquiring an additional 421,826 shares during the last quarter. Emeth Value Capital LLC acquired a new stake in Despegar.com during the fourth quarter worth approximately $7,154,000. Finally, Russell Investments Group Ltd. raised its holdings in Despegar.com by 1,083.7% in the 4th quarter. Russell Investments Group Ltd. now owns 374,134 shares of the company’s stock valued at $7,202,000 after acquiring an additional 342,528 shares during the last quarter. 67.93% of the stock is owned by institutional investors and hedge funds.

Despegar.com Price Performance

DESP opened at $19.09 on Thursday. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. The firm has a 50 day moving average price of $19.15 and a 200 day moving average price of $17.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DESP. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. B. Riley downgraded shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat, Despegar.com presently has a consensus rating of “Hold” and a consensus price target of $17.20.

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.