Wealth Enhancement Advisory Services LLC Boosts Stake in Despegar.com, Corp. (NYSE:DESP)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Despegar.com, Corp. (NYSE:DESP) by 98.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 32,682 shares of the company’s stock after acquiring an additional 16,220 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Despegar.com were worth $614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Despegar.com by 836.2% in the 1st quarter. SG Americas Securities LLC now owns 270,929 shares of the company’s stock valued at $5,091,000 after acquiring an additional 241,990 shares during the last quarter. GAMMA Investing LLC raised its position in Despegar.com by 1,779.4% during the 1st quarter. GAMMA Investing LLC now owns 1,917 shares of the company’s stock valued at $36,000 after purchasing an additional 1,815 shares during the last quarter. Sylebra Capital LLC raised its position in shares of Despegar.com by 0.3% in the 4th quarter. Sylebra Capital LLC now owns 2,931,213 shares of the company’s stock worth $56,426,000 after acquiring an additional 7,938 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Despegar.com in the 4th quarter worth approximately $770,000. Finally, BCK Capital Management LP purchased a new stake in shares of Despegar.com in the 4th quarter worth approximately $1,067,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Despegar.com Price Performance

Despegar.com stock opened at $19.50 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of -650.00, a PEG ratio of 0.91 and a beta of 1.61. The stock’s 50 day moving average is $19.49 and its 200 day moving average is $19.19. Despegar.com, Corp. has a twelve month low of $9.25 and a twelve month high of $19.55.

Despegar.com (NYSE:DESP) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The firm had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $212.40 million. Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that Despegar.com, Corp. will post 0.87 EPS for the current 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.