Tidal Investments LLC acquired a new position in Travelzoo (NASDAQ:TZOO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,588 shares of the information services provider's stock, valued at approximately $710,000. Tidal Investments LLC owned 0.30% of Travelzoo as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in Travelzoo in the fourth quarter worth about $30,000. Lazard Asset Management LLC purchased a new stake in Travelzoo in the fourth quarter worth about $87,000. Tower Research Capital LLC TRC grew its holdings in Travelzoo by 556.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock worth $112,000 after purchasing an additional 4,746 shares during the period. Wells Fargo & Company MN purchased a new stake in Travelzoo in the fourth quarter worth about $158,000. Finally, State of Wyoming purchased a new stake in Travelzoo in the fourth quarter worth about $171,000. Hedge funds and other institutional investors own 27.39% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on TZOO. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Barrington Research reiterated an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Tuesday, April 29th. Finally, Ascendiant Capital Markets increased their price target on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $25.67.
View Our Latest Stock Report on TZOO
Insider Activity at Travelzoo
In related news, CEO Holger Bartel sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total transaction of $61,680.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Azzurro Capital Inc sold 32,500 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $14.33, for a total transaction of $465,725.00. Following the transaction, the insider now owns 4,322,696 shares in the company, valued at approximately $61,944,233.68. This trade represents a 0.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,000 shares of company stock worth $1,562,530 over the last quarter. Company insiders own 57.45% of the company's stock.
Travelzoo Stock Performance
Shares of NASDAQ:TZOO traded up $0.30 during trading on Friday, reaching $13.70. 151,053 shares of the stock traded hands, compared to its average volume of 126,033. The stock has a 50-day moving average of $13.18 and a two-hundred day moving average of $16.91. Travelzoo has a 52-week low of $7.12 and a 52-week high of $24.85. The stock has a market cap of $152.00 million, a P/E ratio of 12.80 and a beta of 1.21.
Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The information services provider reported $0.25 earnings per share 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 net margin of 16.67% and a return on equity of 210.54%. Sell-side analysts expect that Travelzoo will post 1.09 earnings per share for the current year.
Travelzoo Profile
(
Free Report)
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.
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