Emeth Value Capital LLC Takes Position in Despegar.com, Corp. (NYSE:DESP)

Emeth Value Capital LLC acquired a new stake in Despegar.com, Corp. (NYSE:DESP) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 371,644 shares of the company’s stock, valued at approximately $7,154,000. Despegar.com accounts for 5.8% of Emeth Value Capital LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP grew its position in Despegar.com by 107.1% during the third quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after acquiring an additional 1,432 shares during the period. Amalgamated Bank purchased a new stake in Despegar.com during the second quarter valued at about $28,000. O Brien Greene & Co. Inc grew its position in Despegar.com by 4.1% during the third quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company’s stock valued at $1,252,000 after acquiring an additional 4,000 shares during the period. SkyView Investment Advisors LLC grew its position in Despegar.com by 1.7% during the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock valued at $3,068,000 after acquiring an additional 4,118 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Despegar.com during the third quarter valued at about $56,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Stock Performance

Shares of DESP opened at $19.22 on Thursday. The stock’s 50-day moving average is $18.28 and its two-hundred day moving average is $14.75. Despegar.com, Corp. has a 12 month low of $8.06 and a 12 month high of $19.55.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DESP. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley boosted their price objective on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.