SG Americas Securities LLC boosted its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 187.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,939 shares of the company's stock after purchasing an additional 18,872 shares during the period. SG Americas Securities LLC's holdings in Despegar.com were worth $557,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Annex Advisory Services LLC purchased a new position in shares of Despegar.com in the 4th quarter valued at $9,499,000. Principal Financial Group Inc. acquired a new stake in Despegar.com in the 3rd quarter valued at $591,000. Franklin Resources Inc. purchased a new position in Despegar.com in the third quarter valued at about $395,000. Blankinship & Foster LLC purchased a new stake in shares of Despegar.com in the third quarter worth about $288,000. Finally, SkyView Investment Advisors LLC grew its stake in shares of Despegar.com by 1.7% in the third quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company's stock valued at $3,068,000 after buying an additional 4,118 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on DESP shares. Morgan Stanley boosted their price target on Despegar.com from $17.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. TD Cowen raised shares of Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.20.
Read Our Latest Stock Analysis on DESP
Despegar.com Stock Up 0.1 %
Shares of DESP stock traded up $0.03 during mid-day trading on Tuesday, reaching $19.21. 969,327 shares of the company were exchanged, compared to its average volume of 2,512,692. The business's 50 day simple moving average is $18.35 and its 200 day simple moving average is $14.93. Despegar.com, Corp. has a fifty-two week low of $8.06 and a fifty-two week high of $19.55.
Despegar.com Company Profile
(
Free Report)
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.
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