Mirae Asset Global Investments Co. Ltd. Has $2.76 Million Holdings in Despegar.com, Corp. (NYSE:DESP)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Despegar.com, Corp. (NYSE:DESP) by 43.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,005 shares of the company’s stock after acquiring an additional 88,269 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.44% of Despegar.com worth $2,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DESP. State of Wyoming purchased a new stake in Despegar.com in the 4th quarter valued at about $29,000. UBS Group AG increased its stake in Despegar.com by 246.3% in the 2nd quarter. UBS Group AG now owns 4,671 shares of the company’s stock valued at $38,000 after buying an additional 3,322 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in Despegar.com in the 1st quarter valued at about $38,000. HighTower Advisors LLC increased its stake in Despegar.com by 20.0% in the 4th quarter. HighTower Advisors LLC now owns 12,947 shares of the company’s stock valued at $67,000 after buying an additional 2,160 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new stake in Despegar.com in the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DESP. B. Riley reiterated a “buy” rating and issued a $16.00 price objective (up previously from $15.00) on shares of Despegar.com in a research note on Friday, March 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $14.00 target price on shares of Despegar.com in a research report on Friday, March 22nd.

Despegar.com Stock Up 0.2 %

Despegar.com stock opened at $11.32 on Friday. Despegar.com, Corp. has a twelve month low of $4.92 and a twelve month high of $13.23. The firm has a 50 day moving average price of $10.32 and a 200-day moving average price of $8.94. The company has a market capitalization of $747.80 million, a P/E ratio of -43.54 and a beta of 2.05.

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.