Two Sigma Advisers LP reduced its holdings in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 38.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,900 shares of the information services provider's stock after selling 20,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.29% of Travelzoo worth $676,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in Travelzoo in the fourth quarter valued at $30,000. Lazard Asset Management LLC acquired a new position in shares of Travelzoo during the 4th quarter worth about $87,000. Tower Research Capital LLC TRC grew its holdings in shares of Travelzoo by 556.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock valued at $112,000 after acquiring an additional 4,746 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Travelzoo in the fourth quarter valued at about $158,000. Finally, State of Wyoming bought a new stake in Travelzoo during the fourth quarter worth about $171,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.
Travelzoo Price Performance
Travelzoo stock traded up $0.15 during mid-day trading on Friday, hitting $13.52. 68,086 shares of the company's stock traded hands, compared to its average volume of 126,205. The firm has a 50 day simple moving average of $13.13 and a two-hundred day simple moving average of $16.74. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The stock 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 posted its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. On average, research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on TZOO. Barrington Research restated an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $25.67.
View Our Latest Stock Analysis on Travelzoo
Insider Transactions at Travelzoo
In other news, major shareholder Azzurro Capital Inc sold 2,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $13.91, for a total value of $27,820.00. Following the completion of the sale, the insider now owns 4,245,696 shares of the company's stock, valued at approximately $59,057,631.36. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 110,000 shares of company stock worth $1,512,910 over the last quarter. Company insiders own 57.45% of the company's stock.
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.
Recommended Stories
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
