Hennion & Walsh Asset Management Inc. Buys 35,075 Shares of Travelzoo (NASDAQ:TZOO)

Hennion & Walsh Asset Management Inc. increased its position in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,912 shares of the information services provider's stock after buying an additional 35,075 shares during the period. Hennion & Walsh Asset Management Inc. owned about 1.61% of Travelzoo worth $2,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Travelzoo in the fourth quarter worth $1,505,000. Truffle Hound Capital LLC acquired a new stake in shares of Travelzoo in the 4th quarter valued at about $3,990,000. American Century Companies Inc. lifted its holdings in Travelzoo by 21.3% during the 4th quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider's stock worth $282,000 after buying an additional 2,483 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Travelzoo by 352.5% in the fourth quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock worth $1,142,000 after purchasing an additional 44,578 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Travelzoo during the 4th quarter valued at about $2,102,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Travelzoo Stock Up 0.5%

Shares of NASDAQ:TZOO traded up $0.06 during trading on Thursday, reaching $13.37. The stock had a trading volume of 83,658 shares, compared to its average volume of 126,335. The stock has a fifty day simple moving average of $13.13 and a two-hundred day simple moving average of $16.77. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The firm has a market capitalization of $148.34 million, a price-to-earnings ratio of 12.50 and a beta of 1.17.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $23.14 million for the quarter, compared to the consensus estimate of $22.99 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. On average, analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TZOO shares. Ascendiant Capital Markets raised their target price on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Barrington Research reiterated an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a research note on Tuesday, April 29th. Finally, Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Travelzoo currently has an average rating of "Buy" and an average price target of $25.67.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.26, for a total value of $610,400.00. Following the transaction, the insider now owns 4,382,696 shares of the company's stock, valued at $66,879,940.96. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 150,000 shares of company stock worth $2,123,310. Corporate insiders own 57.45% of the company's stock.

Travelzoo Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.