O Brien Greene & Co. Inc Acquires New Stake in Despegar.com, Corp. (NYSE:DESP)

O Brien Greene & Co. Inc acquired a new stake in shares of Despegar.com, Corp. (NYSE:DESP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 89,000 shares of the company’s stock, valued at approximately $842,000. O Brien Greene & Co. Inc owned 0.13% of Despegar.com at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Despegar.com by 43.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 292,005 shares of the company’s stock worth $2,762,000 after buying an additional 88,269 shares during the last quarter. Altfest L J & Co. Inc. acquired a new position in Despegar.com in the fourth quarter worth approximately $438,000. Wealthsource Partners LLC grew its position in Despegar.com by 1.9% in the fourth quarter. Wealthsource Partners LLC now owns 59,799 shares of the company’s stock worth $566,000 after buying an additional 1,122 shares during the last quarter. Quadrature Capital Ltd grew its position in Despegar.com by 117.0% in the third quarter. Quadrature Capital Ltd now owns 43,012 shares of the company’s stock worth $311,000 after buying an additional 23,195 shares during the last quarter. Finally, Dumac Inc. grew its position in Despegar.com by 841.0% in the third quarter. Dumac Inc. now owns 196,942 shares of the company’s stock worth $1,428,000 after buying an additional 176,012 shares during the last quarter. Institutional investors and hedge funds own 67.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DESP has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $14.00 price target on shares of Despegar.com in a research report on Friday, March 22nd. B. Riley restated a “buy” rating and issued a $16.00 price target (up previously from $15.00) on shares of Despegar.com in a research report on Friday, March 15th.

Despegar.com Trading Up 0.3 %

NYSE DESP opened at $12.81 on Friday. Despegar.com, Corp. has a twelve month low of $4.92 and a twelve month high of $13.23. The firm’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $9.18.

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.