Huber Financial Advisors LLC acquired a new stake in Despegar.com Corp (NYSE:DESP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,100 shares of the company’s stock, valued at approximately $279,000.
Other institutional investors have also recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new position in Despegar.com in the first quarter valued at approximately $112,000. Bank of America Corp DE boosted its stake in Despegar.com by 52.6% in the fourth quarter. Bank of America Corp DE now owns 9,351 shares of the company’s stock valued at $116,000 after acquiring an additional 3,224 shares during the period. Commonwealth Bank of Australia acquired a new position in shares of Despegar.com during the first quarter worth approximately $143,000. CHICAGO TRUST Co NA acquired a new position in shares of Despegar.com during the second quarter worth approximately $160,000. Finally, Legal & General Group Plc boosted its position in shares of Despegar.com by 226.1% during the fourth quarter. Legal & General Group Plc now owns 16,056 shares of the company’s stock worth $199,000 after buying an additional 11,133 shares during the period. 60.50% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE DESP traded down $0.18 during midday trading on Monday, hitting $10.39. 20,478 shares of the company’s stock were exchanged, compared to its average volume of 692,998. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 1.78. The stock’s 50 day moving average price is $13.44 and its 200-day moving average price is $14.50. The firm has a market cap of $731.02 million, a P/E ratio of 38.54 and a beta of 1.33. Despegar.com Corp has a twelve month low of $9.90 and a twelve month high of $18.90.
DESP has been the subject of several analyst reports. UBS Group set a $19.00 price objective on Despegar.com and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley set a $15.00 price objective on Despegar.com and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research upgraded Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Martín Rastellino, Ernesto Cadeiras and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.
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