Arrowstreet Capital Limited Partnership Has $21.91 Million Stock Position in Despegar.com, Corp. (NYSE:DESP)

Arrowstreet Capital Limited Partnership raised its holdings in Despegar.com, Corp. (NYSE:DESP) by 2,086.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,137,974 shares of the company’s stock after purchasing an additional 1,085,931 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Despegar.com were worth $21,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Despegar.com by 37.6% in the third quarter. State Street Corp now owns 958,706 shares of the company’s stock valued at $11,888,000 after buying an additional 261,991 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of Despegar.com during the 3rd quarter valued at approximately $8,763,000. Jacobs Levy Equity Management Inc. acquired a new position in Despegar.com during the 3rd quarter worth approximately $6,765,000. Annex Advisory Services LLC bought a new position in Despegar.com in the 4th quarter valued at approximately $9,499,000. Finally, Emeth Value Capital LLC acquired a new stake in Despegar.com in the fourth quarter valued at approximately $7,154,000. Institutional investors own 67.93% of the company’s stock.

Wall Street Analyst Weigh In

DESP has been the subject of a number of research reports. TD Cowen upgraded Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. B. Riley downgraded 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.20.

Despegar.com Trading Down 0.4 %

Shares of NYSE:DESP opened at $18.92 on Friday. Despegar.com, Corp. has a 52 week low of $9.25 and a 52 week high of $19.55. The firm’s fifty day moving average is $19.19 and its 200-day moving average is $17.13.

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.