Intech Investment Management LLC Has $673,000 Holdings in Despegar.com, Corp. (NYSE:DESP)

Intech Investment Management LLC raised its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 72.4% during the 4th quarter, HoldingsChannel reports. The fund owned 34,960 shares of the company’s stock after purchasing an additional 14,677 shares during the period. Intech Investment Management LLC’s holdings in Despegar.com were worth $673,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new position in Despegar.com during the third quarter valued at approximately $591,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Despegar.com by 76.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,726 shares of the company’s stock valued at $3,183,000 after acquiring an additional 111,233 shares in the last quarter. Algert Global LLC purchased a new position in shares of Despegar.com during the 3rd quarter valued at $878,000. FMR LLC purchased a new stake in shares of Despegar.com during the third quarter worth $173,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Despegar.com by 129.1% during the third quarter. MetLife Investment Management LLC now owns 35,636 shares of the company’s stock worth $442,000 after acquiring an additional 20,080 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DESP has been the topic of several research reports. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. B. Riley downgraded Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley raised their price objective on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.20.

Despegar.com Price Performance

Shares of NYSE DESP opened at $19.24 on Monday. The business’s 50-day simple moving average is $19.23 and its 200-day simple moving average is $16.77. Despegar.com, Corp. has a 52 week low of $9.25 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.