Jacobs Levy Equity Management Inc. bought a new stake in Despegar.com, Corp. (NYSE:DESP – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 545,554 shares of the company’s stock, valued at approximately $6,765,000.
Other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Despegar.com in the 2nd quarter valued at about $1,102,000. SG Americas Securities LLC purchased a new stake in Despegar.com in the second quarter valued at approximately $2,006,000. Principal Financial Group Inc. purchased a new position in Despegar.com during the 3rd quarter worth $591,000. MayTech Global Investments LLC raised its stake in shares of Despegar.com by 23.1% during the third quarter. MayTech Global Investments LLC now owns 1,101,684 shares of the company’s stock worth $13,661,000 after purchasing an additional 207,023 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in Despegar.com during the 2nd quarter worth $1,159,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.
Despegar.com Stock Up 2.8 %
Shares of DESP opened at $17.17 on Friday. The business’s 50 day moving average is $15.08 and its two-hundred day moving average is $13.55. Despegar.com, Corp. has a 52-week low of $8.06 and a 52-week high of $19.00.
Analyst Ratings Changes
View Our Latest Research Report on Despegar.com
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.
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