Campbell & CO Investment Adviser LLC grew its holdings in shares of Despegar.com, Corp. (NYSE:DESP – Free Report) by 186.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,523 shares of the company’s stock after purchasing an additional 47,218 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Despegar.com were worth $526,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in Despegar.com during the first quarter worth approximately $584,000. BlackRock Inc. grew its holdings in shares of Despegar.com by 7.9% during the 1st quarter. BlackRock Inc. now owns 127,666 shares of the company’s stock worth $1,557,000 after purchasing an additional 9,374 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of Despegar.com in the first quarter worth $184,000. PDT Partners LLC acquired a new position in Despegar.com in the first quarter valued at about $515,000. Finally, KB Financial Partners LLC raised its stake in Despegar.com by 6.9% in the first quarter. KB Financial Partners LLC now owns 65,666 shares of the company’s stock valued at $801,000 after purchasing an additional 4,210 shares in the last quarter. 57.48% of the stock is owned by institutional investors.
Despegar.com Price Performance
Shares of DESP opened at $8.50 on Tuesday. The firm has a 50 day simple moving average of $9.15 and a two-hundred day simple moving average of $8.08. Despegar.com, Corp. has a one year low of $4.91 and a one year high of $10.27. The company has a market cap of $561.51 million, a P/E ratio of -32.69 and a beta of 2.05.
Wall Street Analyst Weigh In
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.
- Five stocks we like better than Despegar.com
- 3 Healthcare Dividend Stocks to Buy
- Salesforce and MongoDB: 2 must-own tech stocks
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Udemy stock got boosted by analysts, massive growth at discounts
- Dividend Capture Strategy: What You Need to Know
- 3 attractive stocks that insiders are buying
Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.