Bank of Montreal Can trimmed its holdings in shares of Despegar.com Corp (NYSE:DESP) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,586 shares of the company’s stock after selling 203,800 shares during the period. Bank of Montreal Can owned approximately 0.30% of Despegar.com worth $2,034,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Despegar.com in the third quarter valued at approximately $44,652,000. Harris Associates L P acquired a new stake in shares of Despegar.com in the third quarter valued at approximately $138,215,000. Renaissance Technologies LLC acquired a new stake in shares of Despegar.com in the fourth quarter valued at approximately $205,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Despegar.com in the fourth quarter valued at approximately $7,482,000. 32.48% of the stock is owned by institutional investors and hedge funds.
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DESP stock opened at $8.96 on Friday. Despegar.com Corp has a 12 month low of $6.20 and a 12 month high of $11.69.
Several analysts have recently weighed in on DESP shares. Evercore ISI raised shares of Despegar.com from an “in-line” rating to an “outperform” rating in a research note on Monday, December 17th. HC Wainwright set a $16.00 price objective on shares of Despegar.com and gave the company a “buy” rating in a research note on Monday, December 10th. Zacks Investment Research raised shares of Despegar.com from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Wednesday, November 28th. B. Riley raised shares of Despegar.com from a “neutral” rating to a “buy” rating and raised their price objective for the company from $6.50 to $10.00 in a research note on Friday, November 30th. Finally, Oppenheimer raised their price objective on shares of Despegar.com from $7.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, November 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.60.
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Despegar.com Inc provides online travel services in the Spanish-speaking world. It operates through Mobile and Product segments. The company operates in three segments: Mobile Travel, Production of Travel Guides, and Logistics of Tourists. The Mobile Travel segment provides mobile applications that cater to the diverse travel requirements of travelers by enabling a variety of functionalities, such as booking travel tickets, flight tickets, hotel reservations, car rentals, and package tours.
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