O Brien Greene & Co. Inc Invests $842,000 in Despegar.com, Corp. (NYSE:DESP)

O Brien Greene & Co. Inc purchased a new position in Despegar.com, Corp. (NYSE:DESP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 89,000 shares of the company’s stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Despegar.com by 1.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,623,787 shares of the company’s stock worth $26,272,000 after purchasing an additional 63,650 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Despegar.com by 13.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,808,162 shares of the company’s stock worth $13,109,000 after purchasing an additional 210,128 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Despegar.com by 139.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 673,966 shares of the company’s stock worth $4,886,000 after purchasing an additional 392,366 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Despegar.com by 43.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 292,005 shares of the company’s stock worth $2,762,000 after purchasing an additional 88,269 shares during the period. Finally, Dumac Inc. lifted its position in shares of Despegar.com by 841.0% in the 3rd quarter. Dumac Inc. now owns 196,942 shares of the company’s stock worth $1,428,000 after purchasing an additional 176,012 shares during the period. Institutional investors and hedge funds own 67.93% of the company’s stock.

Despegar.com Trading Up 0.3 %

Despegar.com stock opened at $12.81 on Friday. Despegar.com, Corp. has a 12-month low of $4.92 and a 12-month high of $13.23. The firm’s fifty day moving average is $10.85 and its 200 day moving average is $9.18.

Analyst Ratings Changes

A number of research firms recently issued reports on DESP. Cantor Fitzgerald reiterated an “overweight” rating and set a $14.00 target price on shares of Despegar.com in a research report on Friday, March 22nd. B. Riley reiterated a “buy” rating and set a $16.00 target price (up previously from $15.00) on shares of Despegar.com in a research report on Friday, March 15th.

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.