Quantbot Technologies LP Buys Shares of 48,597 Despegar.com, Corp. (NYSE:DESP)

Quantbot Technologies LP purchased a new position in shares of Despegar.com, Corp. (NYSE:DESP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 48,597 shares of the company’s stock, valued at approximately $935,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP boosted its stake in Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after acquiring an additional 1,432 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Despegar.com in the 4th quarter valued at $68,000. Point72 Asset Management L.P. acquired a new position in shares of Despegar.com in the 3rd quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Despegar.com in the 4th quarter worth $104,000. Finally, FMR LLC acquired a new stake in shares of Despegar.com during the third quarter worth $173,000. 67.93% of the stock is owned by institutional investors.

Despegar.com Trading Down 0.4 %

NYSE:DESP opened at $19.13 on Wednesday. The business’s 50-day simple moving average is $19.23 and its 200-day simple moving average is $16.87. Despegar.com, Corp. has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. B. Riley lowered shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley upped their target price on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.