Travelzoo (NASDAQ:TZOO) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its position in Travelzoo (NASDAQ:TZOO - Free Report) by 528.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,307 shares of the information services provider's stock after buying an additional 65,004 shares during the period. Millennium Management LLC owned about 0.66% of Travelzoo worth $1,542,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in shares of Travelzoo in the fourth quarter worth approximately $87,000. BNP Paribas Financial Markets acquired a new stake in Travelzoo during the 4th quarter worth $205,000. Ancora Advisors LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth $30,000. 683 Capital Management LLC acquired a new stake in shares of Travelzoo in the fourth quarter valued at about $751,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Travelzoo in the fourth quarter valued at about $458,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TZOO. Ascendiant Capital Markets upped their price objective 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. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Travelzoo presently has an average rating of "Buy" and a consensus target price of $25.67.

Insider Activity

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $13.91, for a total value of $27,820.00. Following the sale, the insider now directly owns 4,245,696 shares of the company's stock, valued at approximately $59,057,631.36. This represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have sold 110,000 shares of company stock worth $1,512,910. Corporate insiders own 57.45% of the company's stock.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded up $0.15 during mid-day trading on Friday, reaching $13.52. 41,301 shares of the company were exchanged, compared to its average volume of 126,002. The firm's 50-day simple moving average is $13.13 and its 200 day simple moving average is $16.77. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The firm has a market cap of $150.00 million, a price-to-earnings ratio of 12.64 and a beta of 1.17.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its 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 return on equity of 210.54% and a net margin of 16.67%. The business had revenue of $23.14 million for the quarter, compared to analysts' expectations of $22.99 million. On average, research analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

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.