Travelzoo (NASDAQ:TZOO) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in shares of Travelzoo (NASDAQ:TZOO) by 57.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,341 shares of the information services provider’s stock after buying an additional 19,888 shares during the quarter. Ritholtz Wealth Management’s holdings in Travelzoo were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TZOO. Point72 Asia Singapore Pte. Ltd. acquired a new position in Travelzoo during the 3rd quarter worth about $35,000. American Century Companies Inc. purchased a new stake in Travelzoo during the second quarter worth about $82,000. Quadrature Capital Ltd acquired a new stake in shares of Travelzoo during the third quarter worth about $134,000. Barclays PLC purchased a new position in shares of Travelzoo in the third quarter valued at approximately $138,000. Finally, Virtu Financial LLC acquired a new position in shares of Travelzoo in the third quarter valued at approximately $173,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Ascendiant Capital Markets increased their price target on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barrington Research raised their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

Travelzoo Trading Up 0.6 %

Shares of NASDAQ TZOO opened at $20.98 on Monday. The stock has a market cap of $247.56 million, a P/E ratio of 19.61 and a beta of 1.71. The stock has a 50 day moving average of $19.83 and a two-hundred day moving average of $14.79. Travelzoo has a twelve month low of $7.12 and a twelve month high of $22.44.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter last year, the company posted $0.16 earnings per share. As a group, research analysts predict that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo announced that its board has approved a stock buyback program on Wednesday, October 23rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 30,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $15.39, for a total value of $461,700.00. Following the completion of the transaction, the insider now owns 4,717,696 shares in the company, valued at $72,605,341.44. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Holger Bartel sold 23,057 shares of Travelzoo stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.73, for a total value of $454,914.61. Following the transaction, the chief executive officer now directly owns 4,000 shares of the company’s stock, valued at approximately $78,920. This represents a 85.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 265,557 shares of company stock valued at $4,672,865. Company insiders own 47.00% 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.