Jacobs Levy Equity Management Inc. Invests $1.80 Million in Travelzoo $TZOO

Key Points

• Jacobs Levy Equity Management Inc. has acquired a new position in Travelzoo (NASDAQ: TZOO), purchasing 131,746 shares valued at approximately $1.8 million, representing about 1.17% of the company.
• Insider trading saw major shareholder Azzurro Capital Inc. sell 76,500 shares for about $1.01 million, reducing their stake to 4,062,696 shares.
• Analyst ratings for Travelzoo remain positive, with an average rating of "Buy" and target prices ranging from $17.00 to $26.00, indicating potential for growth.

Jacobs Levy Equity Management Inc. bought a new position in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 131,746 shares of the information services provider's stock, valued at approximately $1,796,000. Jacobs Levy Equity Management Inc. owned about 1.17% of Travelzoo at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of Travelzoo by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider's stock valued at $914,000 after acquiring an additional 1,668 shares in the last quarter. US Bancorp DE bought a new stake in shares of Travelzoo in the first quarter valued at about $31,000. American Century Companies Inc. raised its holdings in shares of Travelzoo by 17.0% in the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider's stock valued at $226,000 after acquiring an additional 2,404 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Travelzoo by 12.1% in the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock valued at $552,000 after acquiring an additional 2,995 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Travelzoo in the fourth quarter valued at about $87,000. 27.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 76,500 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $13.15, for a total value of $1,005,975.00. Following the completion of the transaction, the insider directly owned 4,062,696 shares in the company, valued at approximately $53,424,452.40. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 215,000 shares of company stock valued at $2,453,114 in the last ninety days. Insiders own 43.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barrington Research restated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a report on Thursday, July 24th. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Ascendiant Capital Markets lifted their price objective on Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Travelzoo currently has an average rating of "Buy" and a consensus price target of $21.50.

Travelzoo Price Performance

Travelzoo stock traded down $0.09 during trading hours on Friday, reaching $9.52. The stock had a trading volume of 46,723 shares, compared to its average volume of 101,172. The company has a market cap of $104.54 million, a price-to-earnings ratio of 10.70 and a beta of 1.01. The business's 50 day moving average price is $10.75 and its 200-day moving average price is $12.51. Travelzoo has a 52 week low of $9.20 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). The firm had revenue of $23.91 million during the quarter, compared to the consensus estimate of $23.51 million. Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%. On average, sell-side analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

About Travelzoo

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.