Raymond James Financial Inc. Makes New Investment in Travelzoo (NASDAQ:TZOO)

Raymond James Financial Inc. acquired a new stake in Travelzoo (NASDAQ:TZOO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,451 shares of the information services provider's stock, valued at approximately $1,505,000. Raymond James Financial Inc. owned about 0.64% of Travelzoo at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Barclays PLC bought a new stake in shares of Travelzoo in the 3rd quarter worth about $138,000. Wells Fargo & Company MN bought a new stake in Travelzoo in the fourth quarter valued at about $158,000. Virtu Financial LLC acquired a new stake in Travelzoo during the third quarter valued at approximately $173,000. Aristides Capital LLC bought a new position in Travelzoo during the 4th quarter worth approximately $237,000. Finally, American Century Companies Inc. grew its position in shares of Travelzoo by 21.3% in the 4th quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider's stock worth $282,000 after acquiring an additional 2,483 shares in the last quarter. Institutional investors and hedge funds own 27.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TZOO shares. Barrington Research restated an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a research report on Tuesday, April 29th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $25.00.

Insider Buying and Selling

In other news, CEO Holger Bartel sold 4,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.26, for a total transaction of $610,400.00. Following the completion of the sale, the insider now owns 4,382,696 shares of the company's stock, valued at approximately $66,879,940.96. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,000 shares of company stock valued at $1,507,630. Company insiders own 57.45% of the company's stock.

Travelzoo Stock Up 4.9 %

Travelzoo stock traded up $0.65 during mid-day trading on Thursday, hitting $14.03. The company's stock had a trading volume of 7,060 shares, compared to its average volume of 127,731. Travelzoo has a twelve month low of $7.12 and a twelve month high of $24.85. The stock's fifty day moving average price is $13.46 and its two-hundred day moving average price is $17.26. The stock has a market capitalization of $157.77 million, a P/E ratio of 13.11 and a beta of 1.21.

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

About Travelzoo

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.