Wealth Enhancement Advisory Services LLC Has $209,000 Stake in Despegar.com, Corp. (NYSE:DESP)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Despegar.com, Corp. (NYSE:DESP) by 30.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,885 shares of the company’s stock after selling 7,286 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Despegar.com were worth $209,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DESP. Amalgamated Bank purchased a new stake in shares of Despegar.com in the second quarter worth approximately $28,000. LRI Investments LLC acquired a new stake in shares of Despegar.com during the 2nd quarter valued at $87,000. Hood River Capital Management LLC purchased a new position in shares of Despegar.com during the 1st quarter valued at $101,000. Adalta Capital Management LLC acquired a new position in shares of Despegar.com in the first quarter worth $120,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Despegar.com during the second quarter worth $128,000. 67.93% of the stock is owned by institutional investors and hedge funds.

Despegar.com Stock Down 3.0 %

Shares of NYSE:DESP opened at $14.69 on Wednesday. The business has a 50-day moving average of $13.37 and a two-hundred day moving average of $13.00. Despegar.com, Corp. has a fifty-two week low of $6.75 and a fifty-two week high of $15.82.

Despegar.com (NYSE:DESP) last posted its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The firm had revenue of $185.05 million during the quarter, compared to analyst estimates of $184.35 million. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. On average, equities analysts predict that Despegar.com, Corp. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on DESP. TD Cowen upped their target price on Despegar.com from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 price objective on shares of Despegar.com in a report on Friday, August 16th. Finally, Citigroup raised their price objective on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd.

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.