Jane Street Group LLC Takes $298,000 Position in Travelzoo (NASDAQ:TZOO)

Jane Street Group LLC bought a new stake in Travelzoo (NASDAQ:TZOO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,759 shares of the information services provider’s stock, valued at approximately $298,000. Jane Street Group LLC owned approximately 0.21% of Travelzoo at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Travelzoo in the third quarter valued at approximately $35,000. American Century Companies Inc. purchased a new position in shares of Travelzoo in the second quarter valued at approximately $82,000. Quadrature Capital Ltd purchased a new position in shares of Travelzoo in the third quarter valued at approximately $134,000. Ritholtz Wealth Management lifted its position in shares of Travelzoo by 217.4% in the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after acquiring an additional 23,599 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its position in shares of Travelzoo by 2.9% in the second 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 in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TZOO shares. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Ascendiant Capital Markets lifted their price objective on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research lifted their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the sale, the insider now directly owns 4,837,696 shares of the company’s stock, valued at approximately $72,662,193.92. The trade was a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Holger Bartel sold 23,057 shares of Travelzoo stock in a transaction on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now owns 4,000 shares of the company’s stock, 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. Insiders sold a total of 265,557 shares of company stock valued at $4,672,865 over the last quarter. 57.45% of the stock is owned by insiders.

Travelzoo Stock Down 2.8 %

TZOO stock opened at $19.61 on Friday. The business has a fifty day moving average of $19.51 and a two-hundred day moving average of $14.17. The stock has a market cap of $231.48 million, a price-to-earnings ratio of 18.33 and a beta of 1.71. Travelzoo has a 52-week low of $7.12 and a 52-week high of $22.44.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $20.10 million during the quarter, compared to analysts’ expectations 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 firm earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

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

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.