Millennium Management LLC Has $1.54 Million Stake in Travelzoo (NASDAQ:TZOO)

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

Other large investors have also bought and sold shares of the company. Ancora Advisors LLC bought a new position in Travelzoo during the 4th quarter worth $30,000. Lazard Asset Management LLC bought a new position in Travelzoo during the 4th quarter worth $87,000. Tower Research Capital LLC TRC raised its position in Travelzoo by 556.4% during the 4th 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 last quarter. Wells Fargo & Company MN bought a new position in Travelzoo during the 4th quarter worth $158,000. Finally, AdvisorShares Investments LLC bought a new position in Travelzoo during the 4th quarter worth $203,000. 27.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TZOO shares. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Ascendiant Capital Markets increased their price target on Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Barrington Research reiterated an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $25.67.

Travelzoo Stock Up 1.1%

Travelzoo stock traded up $0.15 during trading hours on Friday, reaching $13.52. 68,086 shares of the company's stock were exchanged, compared to its average volume of 126,205. The firm's 50 day simple moving average is $13.13 and its 200 day simple moving average is $16.74. Travelzoo has a twelve month low of $7.12 and a twelve month high of $24.85. The firm has a market capitalization of $150.00 million, a PE ratio of 12.64 and a beta of 1.17.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $23.14 million during the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. Analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Insider Activity

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 32,500 shares of Travelzoo stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $14.33, for a total transaction of $465,725.00. Following the completion of the transaction, the insider now owns 4,322,696 shares in the company, valued at approximately $61,944,233.68. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 110,000 shares of company stock worth $1,512,910 in the last three months. Company insiders own 57.45% of the company's stock.

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.