Despegar.com, Corp. (NYSE:DESP) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC cut its position in shares of Despegar.com, Corp. (NYSE:DESP) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,000 shares of the company’s stock after selling 10,000 shares during the quarter. Deltec Asset Management LLC owned approximately 0.11% of Despegar.com worth $1,405,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in Despegar.com in the second quarter valued at $298,000. Sanctuary Advisors LLC purchased a new stake in Despegar.com in the 2nd quarter valued at about $128,000. US Bancorp DE acquired a new position in shares of Despegar.com during the 3rd quarter valued at about $332,000. Principal Financial Group Inc. purchased a new position in shares of Despegar.com during the 3rd quarter worth about $591,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Despegar.com in the third quarter worth approximately $252,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Wall Street Analyst Weigh In

DESP has been the topic of a number of recent analyst reports. TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley increased their target price on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.20.

Despegar.com Stock Up 0.1 %

Shares of NYSE:DESP opened at $19.21 on Wednesday. The company has a 50 day moving average of $18.35 and a two-hundred day moving average of $14.93. Despegar.com, Corp. has a 52-week low of $8.06 and a 52-week high of $19.55.

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.