Koss Olinger Consulting LLC Takes $448,000 Position in Travelzoo (NASDAQ:TZOO)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake in Travelzoo by purchasing 32,832 shares valued at approximately $448,000.
• Travelzoo's stock has experienced fluctuations, with a 52-week low of $9.41 and a high of $24.85, currently trading around $9.58.
• Analysts have a consensus rating of "Moderate Buy" for Travelzoo, with a target price averaging $25.67, though some ratings have been downgraded recently.

Koss Olinger Consulting LLC purchased a new position in Travelzoo (NASDAQ:TZOO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,832 shares of the information services provider's stock, valued at approximately $448,000. Koss Olinger Consulting LLC owned approximately 0.29% of Travelzoo as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TZOO. Renaissance Technologies LLC raised its holdings in Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after acquiring an additional 107,681 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Travelzoo in the 4th quarter worth approximately $1,505,000. Millennium Management LLC raised its holdings in Travelzoo by 528.4% in the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider's stock worth $1,542,000 after acquiring an additional 65,004 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Travelzoo by 352.5% in the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock worth $1,142,000 after acquiring an additional 44,578 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new stake in Travelzoo during the 4th quarter valued at $751,000. 27.39% of the stock is owned by institutional investors.

Insider Activity at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 76,500 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $13.15, for a total transaction of $1,005,975.00. Following the completion of the transaction, the insider owned 4,062,696 shares of the company's stock, valued at $53,424,452.40. This represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 173,800 shares of company stock worth $2,228,212. 43.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TZOO shares. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Ascendiant Capital Markets upped their price objective on Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Wall Street Zen lowered Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Barrington Research restated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.67.

Travelzoo Trading Up 3.7%

Travelzoo stock traded up $0.37 during mid-day trading on Wednesday, hitting $10.44. The stock had a trading volume of 116,175 shares, compared to its average volume of 137,959. The firm has a market capitalization of $115.88 million, a P/E ratio of 11.73 and a beta of 1.11. The firm's 50 day moving average is $12.22 and its 200 day moving average is $14.12. Travelzoo has a one year low of $9.41 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 566.64% and a net margin of 12.32%. As a group, equities research analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

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.