Truffle Hound Capital LLC Decreases Stock Position in Travelzoo (NASDAQ:TZOO)

Key Points

• Truffle Hound Capital LLC has reduced its stake in Travelzoo by 30%, holding 140,000 shares valued at approximately $1.91 million after selling 60,000 shares in Q1.
• Institutional investors collectively own 27.39% of Travelzoo's stock, with several firms making recent adjustments to their holdings.
• Travelzoo’s stock has experienced a 5.2% decline recently, closing at $9.47, while analysts maintain a consensus rating of "Moderate Buy."

Truffle Hound Capital LLC cut its holdings in Travelzoo (NASDAQ:TZOO - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,000 shares of the information services provider's stock after selling 60,000 shares during the period. Truffle Hound Capital LLC owned about 1.24% of Travelzoo worth $1,908,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Travelzoo by 352.5% during the fourth quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock valued at $1,142,000 after purchasing an additional 44,578 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Travelzoo in the fourth quarter worth $2,102,000. Renaissance Technologies LLC raised its position in shares of Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after buying an additional 107,681 shares in the last quarter. Tidal Investments LLC purchased a new stake in Travelzoo during the fourth quarter valued at about $710,000. Finally, Northern Trust Corp raised its position in Travelzoo by 12.1% during the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock valued at $552,000 after purchasing an additional 2,995 shares in the last quarter. 27.39% of the stock is owned by institutional investors.

Travelzoo Trading Up 0.5%

Shares of NASDAQ:TZOO traded up $0.05 on Tuesday, reaching $9.86. 46,252 shares of the company traded hands, compared to its average volume of 139,072. The business's 50-day simple moving average is $12.65 and its 200 day simple moving average is $14.53. Travelzoo has a 52 week low of $9.29 and a 52 week high of $24.85. The stock has a market capitalization of $109.39 million, a P/E ratio of 11.07 and a beta of 1.11.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). The company had revenue of $23.91 million for the quarter, compared to the consensus estimate of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 566.64%. Sell-side analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TZOO shares. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research restated an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a research report on Thursday, July 24th. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Ascendiant Capital Markets raised their price target on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.67.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $10.35, for a total value of $103,500.00. Following the sale, the insider directly owned 4,045,196 shares of the company's stock, valued at $41,867,778.60. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 167,500 shares of company stock valued at $2,167,795 over the last quarter. 43.20% of the stock is owned by company insiders.

Travelzoo Company 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.