Despegar.com, Corp. (NYSE:DESP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 0.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 738,482 shares of the company’s stock after selling 2,477 shares during the period. Geode Capital Management LLC’s holdings in Despegar.com were worth $14,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in Despegar.com in the third quarter valued at approximately $395,000. Barclays PLC raised its holdings in shares of Despegar.com by 298.5% in the 3rd quarter. Barclays PLC now owns 91,888 shares of the company’s stock valued at $1,139,000 after purchasing an additional 68,829 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Despegar.com in the 3rd quarter valued at $591,000. SG Americas Securities LLC lifted its position in shares of Despegar.com by 187.5% during the 4th quarter. SG Americas Securities LLC now owns 28,939 shares of the company’s stock worth $557,000 after purchasing an additional 18,872 shares during the last quarter. Finally, State Street Corp increased its holdings in Despegar.com by 37.6% in the third quarter. State Street Corp now owns 958,706 shares of the company’s stock valued at $11,888,000 after buying an additional 261,991 shares during the last quarter. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Price Performance

Shares of DESP opened at $19.10 on Monday. The firm has a fifty day moving average price of $19.15 and a 200 day moving average price of $17.76. Despegar.com, Corp. has a 1-year low of $9.25 and a 1-year high of $19.55.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DESP. B. Riley downgraded Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.20.

About Despegar.com

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.