SG Americas Securities LLC Acquires 18,872 Shares of Despegar.com, Corp. (NYSE:DESP)

SG Americas Securities LLC boosted its holdings in Despegar.com, Corp. (NYSE:DESP) by 187.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,939 shares of the company’s stock after acquiring an additional 18,872 shares during the quarter. SG Americas Securities LLC’s holdings in Despegar.com were worth $557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DESP. Quarry LP increased its stake in Despegar.com by 107.1% in the third quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after acquiring an additional 1,432 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Despegar.com in the 3rd quarter worth about $56,000. Sanctuary Advisors LLC bought a new position in shares of Despegar.com during the 2nd quarter valued at about $128,000. FMR LLC purchased a new position in shares of Despegar.com during the 3rd quarter valued at about $173,000. Finally, Intech Investment Management LLC purchased a new position in shares of Despegar.com during the 3rd quarter valued at about $252,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DESP. Morgan Stanley increased their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Despegar.com has an average rating of “Moderate Buy” and an average price target of $17.20.

Despegar.com Price Performance

NYSE:DESP opened at $19.22 on Friday. Despegar.com, Corp. has a fifty-two week low of $8.06 and a fifty-two week high of $19.55. The business has a 50 day moving average price of $18.30 and a 200-day moving average price of $14.82.

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.