Quantbot Technologies LP Invests $935,000 in Despegar.com, Corp. (NYSE:DESP)

Quantbot Technologies LP acquired a new stake in Despegar.com, Corp. (NYSE:DESP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 48,597 shares of the company’s stock, valued at approximately $935,000. Quantbot Technologies LP owned approximately 0.06% of Despegar.com as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings 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 purchasing an additional 1,432 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Despegar.com during the 4th quarter worth $68,000. O Brien Greene & Co. Inc grew its stake in Despegar.com by 4.1% in the 3rd quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company’s stock valued at $1,252,000 after buying an additional 4,000 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in Despegar.com by 1.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock worth $3,068,000 after acquiring an additional 4,118 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Despegar.com in the 3rd quarter worth $56,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on DESP shares. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley lifted their price target on Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Finally, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.20.

Despegar.com Price Performance

Shares of DESP stock opened at $19.13 on Wednesday. Despegar.com, Corp. has a 12-month low of $9.25 and a 12-month high of $19.55. The firm has a 50-day moving average price of $19.23 and a 200 day moving average price of $16.87.

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.