Despegar.com, Corp. (NYSE:DESP) Shares Sold by Oak Grove Capital LLC

Oak Grove Capital LLC trimmed its stake in shares of Despegar.com, Corp. (NYSE:DESP) by 36.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,700 shares of the company’s stock after selling 8,500 shares during the period. Oak Grove Capital LLC’s holdings in Despegar.com were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TT International Asset Management LTD acquired a new stake in Despegar.com during the 3rd quarter worth about $8,763,000. Woodson Capital Management LP raised its holdings in shares of Despegar.com by 78.4% during the third quarter. Woodson Capital Management LP now owns 1,426,952 shares of the company’s stock valued at $17,694,000 after acquiring an additional 626,952 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Despegar.com in the 3rd quarter valued at approximately $6,765,000. Annex Advisory Services LLC purchased a new stake in shares of Despegar.com in the 4th quarter valued at approximately $9,499,000. Finally, Beaconlight Capital LLC boosted its stake in Despegar.com by 365.0% in the 3rd quarter. Beaconlight Capital LLC now owns 589,468 shares of the company’s stock worth $7,309,000 after purchasing an additional 462,696 shares during the period. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Stock Performance

Despegar.com stock opened at $19.23 on Wednesday. Despegar.com, Corp. has a 12 month low of $8.64 and a 12 month high of $19.55. The company’s fifty day simple moving average is $19.23 and its 200-day simple moving average is $16.02.

Analyst Upgrades and Downgrades

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