Two Sigma Investments LP cut its stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,799 shares of the information services provider's stock after selling 27,985 shares during the period. Two Sigma Investments LP owned about 0.57% of Travelzoo worth $1,353,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Truffle Hound Capital LLC bought a new position in shares of Travelzoo in the fourth quarter valued at approximately $3,990,000. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 107,681 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Travelzoo in the 4th quarter valued at $2,102,000. Raymond James Financial Inc. bought a new position in Travelzoo in the 4th quarter valued at $1,505,000. Finally, Millennium Management LLC increased its position in shares of Travelzoo by 528.4% during the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider's stock valued at $1,542,000 after purchasing an additional 65,004 shares during the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.
Travelzoo Stock Performance
TZOO stock traded up $0.15 during midday trading on Friday, reaching $13.52. 68,086 shares of the company's stock traded hands, compared to its average volume of 126,102. The firm has a market capitalization of $150.00 million, a PE ratio of 12.64 and a beta of 1.17. The company has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $16.77. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85.
Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The company had revenue of $23.14 million during the quarter, compared to analysts' expectations of $22.99 million. As a group, analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on TZOO shares. Barrington Research reissued an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a report on Tuesday, April 29th. Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $25.67.
View Our Latest Research Report on Travelzoo
Insiders Place Their Bets
In other news, major shareholder Azzurro Capital Inc sold 5,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $12.73, for a total value of $63,650.00. Following the transaction, the insider now owns 4,197,696 shares of the company's stock, valued at $53,436,670.08. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 110,000 shares of company stock worth $1,512,910 in the last ninety days. 57.45% of the stock is currently owned by insiders.
About Travelzoo
(
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.
Further Reading
Before you consider Travelzoo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelzoo wasn't on the list.
While Travelzoo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
