OneDigital Investment Advisors LLC Sells 137,349 Shares of Despegar.com, Corp. (NYSE:DESP)

OneDigital Investment Advisors LLC trimmed its position in Despegar.com, Corp. (NYSE:DESP) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 88,062 shares of the company’s stock after selling 137,349 shares during the period. OneDigital Investment Advisors LLC’s holdings in Despegar.com were worth $1,695,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. MetLife Investment Management LLC grew its holdings in Despegar.com by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 37,706 shares of the company’s stock worth $726,000 after acquiring an additional 2,070 shares during the last quarter. PEAK6 LLC bought a new stake in shares of Despegar.com in the fourth quarter worth $845,000. Gabelli Funds LLC acquired a new stake in Despegar.com in the fourth quarter valued at $520,000. Barclays PLC lifted its holdings in Despegar.com by 6.9% during the 4th quarter. Barclays PLC now owns 98,192 shares of the company’s stock worth $1,891,000 after buying an additional 6,304 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of Despegar.com by 756.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock valued at $33,000 after buying an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Stock Performance

DESP stock opened at $19.18 on Thursday. The company’s fifty day simple moving average is $19.14 and its 200 day simple moving average is $17.82. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55.

Wall Street Analysts Forecast Growth

Separately, B. Riley downgraded Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Despegar.com presently has a consensus rating of “Hold” and a consensus target price of $17.20.

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.