SG Americas Securities LLC Has $125,000 Stake in Despegar.com, Corp. (NYSE:DESP)

SG Americas Securities LLC trimmed its position in Despegar.com, Corp. (NYSE:DESP) by 93.4% in the third quarter, HoldingsChannel.com reports. The firm owned 10,067 shares of the company’s stock after selling 141,573 shares during the period. SG Americas Securities LLC’s holdings in Despegar.com were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP raised its stake in Despegar.com by 4.8% during the first quarter. Quantbot Technologies LP now owns 31,462 shares of the company’s stock worth $376,000 after acquiring an additional 1,452 shares in the last quarter. Amalgamated Bank acquired a new position in Despegar.com during the second quarter worth $28,000. SkyView Investment Advisors LLC raised its stake in Despegar.com by 2.1% during the first quarter. SkyView Investment Advisors LLC now owns 232,579 shares of the company’s stock worth $2,782,000 after acquiring an additional 4,727 shares in the last quarter. Hood River Capital Management LLC raised its stake in Despegar.com by 71.1% during the second quarter. Hood River Capital Management LLC now owns 14,461 shares of the company’s stock worth $191,000 after acquiring an additional 6,011 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Despegar.com during the second quarter worth $87,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DESP has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $17.00 target price on shares of Despegar.com in a report on Friday, August 16th. TD Cowen increased their target price on Despegar.com from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Citigroup increased their target price on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd.

Despegar.com Stock Performance

Shares of DESP stock opened at $15.00 on Friday. The stock’s fifty day moving average is $12.64 and its 200-day moving average is $12.78. Despegar.com, Corp. has a 52 week low of $6.09 and a 52 week high of $15.82.

Despegar.com (NYSE:DESP) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $185.05 million for the quarter, compared to analysts’ expectations of $184.35 million. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. As a group, analysts predict that Despegar.com, Corp. will post 0.75 earnings per share for the current fiscal year.

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.