--- title: "US Bancorp DE Sells 23,417 Shares of Despegar.com, Corp. (NYSE:DESP)" type: "News" locale: "en" url: "https://longbridge.com/en/news/232196407.md" description: "US Bancorp DE has significantly reduced its stake in Despegar.com, Corp. (NYSE:DESP) by selling 23,417 shares, resulting in an 87.4% decrease in holdings during the fourth quarter. The fund now owns 3,372 shares valued at $65,000. Other institutional investors have also adjusted their positions, with a majority of the stock (67.93%) owned by institutional investors. Analyst ratings for Despegar.com show a consensus rating of \"Hold\" with a target price of $17.20." datetime: "2025-03-18T07:14:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/232196407.md) - [en](https://longbridge.com/en/news/232196407.md) - [zh-HK](https://longbridge.com/zh-HK/news/232196407.md) generator: "portal-rs" --- # US Bancorp DE Sells 23,417 Shares of Despegar.com, Corp. (NYSE:DESP) US Bancorp DE reduced its holdings in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 87.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,372 shares of the company's stock after selling 23,417 shares during the period. US Bancorp DE's holdings in Despegar.com were worth $65,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quarry LP raised its position in Despegar.com by 107.1% during the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after purchasing an additional 1,432 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Despegar.com during the 3rd quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Despegar.com during the 4th quarter valued at about $104,000. FMR LLC purchased a new stake in Despegar.com during the 3rd quarter valued at about $173,000. Finally, Intech Investment Management LLC purchased a new stake in Despegar.com during the 3rd quarter valued at about $252,000. 67.93% of the stock is owned by institutional investors. ## Despegar.com Stock Performance DESP stock opened at $19.22 on Tuesday. The business has a 50 day simple moving average of $19.22 and a 200-day simple moving average of $16.57. Despegar.com, Corp. has a 1 year low of $9.25 and a 1 year high of $19.55. ## Analyst Ratings Changes DESP has been the subject of several analyst reports. B. Riley cut Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley increased their target price on Despegar.com from $17.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Finally, TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Despegar.com presently has a consensus rating of "Hold" and a consensus target price of $17.20. **View Our Latest Analysis on DESP** ## Despegar.com Company Profile (Free Report) 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. ## Further Reading - Five stocks we like better than Despegar.com - How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? - Can TikTok Stock Picks Really Make You Rich? - Investing In Preferred Stock vs. Common Stock - The "Quality" Rotation: Back to Basics Investing - Airline Stocks - Top Airline Stocks to Buy Now - Occidental Petroleum: 4 Reasons to Love These Prices **Want to see what other hedge funds are holding DESP?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Despegar.com, Corp. (NYSE:DESP - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Despegar.com Right Now? Before you consider Despegar.com, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Despegar.com wasn't on the list. While Despegar.com currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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