Hood River Capital Management LLC Purchases 13,210 Shares of Despegar.com, Corp. (NYSE:DESP)

Hood River Capital Management LLC increased its holdings in Despegar.com, Corp. (NYSE:DESP) by 84.1% during the 4th quarter, HoldingsChannel reports. The firm owned 28,921 shares of the company’s stock after buying an additional 13,210 shares during the period. Hood River Capital Management LLC’s holdings in Despegar.com were worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DESP. Sterling Capital Management LLC grew its stake in shares of Despegar.com by 756.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after buying an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Despegar.com in the 4th quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com in the fourth quarter worth about $104,000. Quinn Opportunity Partners LLC bought a new stake in Despegar.com during the fourth quarter worth approximately $194,000. Finally, OLD Mission Capital LLC purchased a new stake in Despegar.com during the fourth quarter valued at approximately $221,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Price Performance

Despegar.com stock opened at $19.18 on Thursday. Despegar.com, Corp. has a 1-year low of $9.25 and a 1-year high of $19.55. The company’s 50-day moving average is $19.14 and its 200 day moving average is $17.82.

Analysts Set New Price Targets

Separately, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.