Travelzoo (NASDAQ:TZOO) Shares Sold by State Street Corp

State Street Corp trimmed its position in Travelzoo (NASDAQ:TZOO) by 18.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,469 shares of the information services provider’s stock after selling 5,200 shares during the period. State Street Corp owned about 0.20% of Travelzoo worth $283,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its stake in Travelzoo by 169.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after purchasing an additional 79,990 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after acquiring an additional 2,732 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Travelzoo by 217.4% in the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the 3rd quarter worth approximately $134,000. Finally, American Century Companies Inc. acquired a new stake in shares of Travelzoo in the second quarter valued at approximately $82,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $17.28, for a total value of $1,036,800.00. Following the completion of the sale, the insider now owns 4,577,696 shares in the company, valued at approximately $79,102,586.88. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Holger Bartel sold 23,057 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the transaction, the chief executive officer now owns 4,000 shares in the company, valued at approximately $78,920. This trade represents a 85.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,557 shares of company stock valued at $4,672,865. 57.45% of the stock is owned by corporate insiders.

Travelzoo Trading Up 2.3 %

NASDAQ TZOO opened at $21.13 on Friday. The stock has a fifty day simple moving average of $19.26 and a 200-day simple moving average of $13.83. The stock has a market cap of $249.42 million, a PE ratio of 19.75 and a beta of 1.71. Travelzoo has a twelve month low of $7.12 and a twelve month high of $22.44.

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

Travelzoo declared that its board has initiated a share buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Travelzoo 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.