Despegar.com, Corp. (NYSE:DESP) Shares Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC boosted its stake in Despegar.com, Corp. (NYSE:DESP) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,473 shares of the company’s stock after buying an additional 1,010 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.11% of Despegar.com worth $1,799,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DESP. Sterling Capital Management LLC boosted its stake in shares of Despegar.com by 756.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after acquiring an additional 1,506 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com in the 4th quarter valued at $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Despegar.com during the 4th quarter worth $104,000. Quinn Opportunity Partners LLC purchased a new stake in shares of Despegar.com during the fourth quarter worth $194,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Despegar.com in the fourth quarter valued at about $221,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Despegar.com Stock Down 0.1 %

Shares of DESP opened at $19.14 on Friday. The stock has a fifty day simple moving average of $19.13 and a two-hundred day simple moving average of $17.93. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Despegar.com has an average rating of “Hold” and an average price target of $17.20.

Despegar.com Company 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.