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

Quantbot Technologies LP acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,597 shares of the company's stock, valued at approximately $935,000. Quantbot Technologies LP owned 0.06% of Despegar.com as of its most recent SEC filing.

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

Despegar.com Trading Down 3.3 %

Shares of NYSE DESP traded down $0.62 during mid-day trading on Friday, reaching $18.52. 12,138,708 shares of the company's stock were exchanged, compared to its average volume of 1,460,011. The firm has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $16.98. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55.

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Analysts Set New Price Targets

DESP has been the topic of several recent research reports. B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. TD Cowen upgraded Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Finally, Morgan Stanley raised their price objective on 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.20.

About Despegar.com

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.