Woodson Capital Management LP Grows Stock Holdings in Despegar.com, Corp. (NYSE:DESP)

Woodson Capital Management LP lifted its position in shares of Despegar.com, Corp. (NYSE:DESP) by 78.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,426,952 shares of the company’s stock after buying an additional 626,952 shares during the quarter. Despegar.com makes up 3.5% of Woodson Capital Management LP’s holdings, making the stock its 12th largest holding. Woodson Capital Management LP’s holdings in Despegar.com were worth $17,694,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Amalgamated Bank bought a new stake in Despegar.com in the 2nd quarter valued at $28,000. LRI Investments LLC bought a new position in shares of Despegar.com in the 2nd quarter valued at about $87,000. Sanctuary Advisors LLC purchased a new position in Despegar.com in the second quarter worth about $128,000. MQS Management LLC purchased a new position in Despegar.com in the second quarter worth about $136,000. Finally, Bayesian Capital Management LP purchased a new position in Despegar.com in the first quarter worth about $132,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Stock Down 2.3 %

Despegar.com stock opened at $17.73 on Friday. The company has a 50 day moving average price of $14.59 and a 200-day moving average price of $13.39. Despegar.com, Corp. has a fifty-two week low of $7.83 and a fifty-two week high of $19.00.

Analyst Upgrades and Downgrades

DESP has been the subject of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 price target on shares of Despegar.com in a research report on Friday, August 16th. TD Cowen lowered Despegar.com from a “buy” rating to a “sell” rating and boosted their target price for the company from $12.00 to $14.00 in a research report on Monday.

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.