On January 31, 2025, NEUBERGER BERMAN GROUP LLC (Trades, Portfolio), a prominent investment firm, made a significant move by reducing its holdings in Despegar.com Corp (DESP, Financial). The firm decreased its position by 2,723,483 shares, trading at a price of $19.22 per share. This transaction resulted in a -0.04 impact on the firm’s portfolio, leaving it with 2,788,364 shares of Despegar.com Corp, which now constitutes 0.04% of its portfolio. This strategic decision reflects the firm’s ongoing portfolio management and investment strategies.
NEUBERGER BERMAN GROUP LLC is a well-established investment firm headquartered at 1290 Avenue of the Americas, New York, NY 10104. With a total equity of $128.11 billion, the firm is known for its diversified investment portfolio, which includes top holdings such as Apple Inc (AAPL, Financial), Amazon.com Inc (AMZN, Financial), Microsoft Corp (MSFT, Financial), NVIDIA Corp (NVDA, Financial), and JPMorgan…
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