JPMorgan Chase & Co. Buys 44,578 Shares of Travelzoo (NASDAQ:TZOO)

JPMorgan Chase & Co. grew its holdings in Travelzoo (NASDAQ:TZOO - Free Report) by 352.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,224 shares of the information services provider's stock after purchasing an additional 44,578 shares during the quarter. JPMorgan Chase & Co. owned about 0.48% of Travelzoo worth $1,142,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Travelzoo during the 3rd quarter valued at about $298,000. Geode Capital Management LLC lifted its position in Travelzoo by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock worth $991,000 after acquiring an additional 7,857 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Travelzoo during the fourth quarter valued at approximately $3,990,000. Raymond James Financial Inc. bought a new stake in shares of Travelzoo during the fourth quarter worth $1,505,000. Finally, Barclays PLC acquired a new position in shares of Travelzoo in the third quarter valued at approximately $138,000. 27.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Tuesday.

Travelzoo Stock Up 9.9 %

Shares of TZOO stock traded up $1.37 on Thursday, hitting $15.24. The stock had a trading volume of 140,439 shares, compared to its average volume of 126,963. The business has a 50 day moving average price of $13.63 and a 200 day moving average price of $17.21. Travelzoo has a one year low of $7.12 and a one year high of $24.85. The company has a market cap of $171.37 million, a PE ratio of 13.98 and a beta of 1.41.

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 analyst estimates of $22.99 million. Equities research analysts expect that Travelzoo will post 1.09 EPS for the current year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $13.35, for a total value of $333,750.00. Following the sale, the insider now owns 4,297,696 shares of the company's stock, valued at approximately $57,374,241.60. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 4,000 shares of Travelzoo stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total value of $61,680.00. The disclosure for this sale can be found here. Insiders have sold 101,500 shares of company stock valued at $1,471,555 in the last ninety days. 47.00% of the stock is currently 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.