Barclays PLC Takes $138,000 Position in Travelzoo (NASDAQ:TZOO)

Barclays PLC bought a new stake in Travelzoo (NASDAQ:TZOO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,473 shares of the information services provider’s stock, valued at approximately $138,000. Barclays PLC owned approximately 0.10% of Travelzoo as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TZOO. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Travelzoo by 169.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after buying an additional 79,990 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Travelzoo in the third quarter valued at about $298,000. Ritholtz Wealth Management raised its holdings 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 buying an additional 23,599 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Travelzoo by 103.5% in the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock valued at $305,000 after buying an additional 12,854 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Travelzoo in the third quarter valued at about $134,000. 27.39% of the stock is owned by institutional investors.

Travelzoo Trading Down 0.3 %

Shares of NASDAQ:TZOO opened at $20.18 on Thursday. The stock has a market capitalization of $238.20 million, a P/E ratio of 18.86 and a beta of 1.71. Travelzoo has a 1-year low of $7.12 and a 1-year high of $22.44. The business has a 50-day moving average price of $19.45 and a two-hundred day moving average price of $14.13.

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 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 period in the previous year, the company earned $0.16 EPS. As a group, equities analysts predict that Travelzoo will post 1.09 EPS for the current year.

Travelzoo declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 23rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Travelzoo

In other news, CEO Holger Bartel sold 23,057 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the completion of the transaction, the chief executive officer now directly owns 4,000 shares in the company, valued at approximately $78,920. The trade was a 85.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 30,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $15.39, for a total value of $461,700.00. Following the transaction, the insider now owns 4,717,696 shares of the company’s stock, valued at $72,605,341.44. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 265,557 shares of company stock worth $4,672,865. 57.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.