Geode Capital Management LLC Has $991,000 Stake in Travelzoo (NASDAQ:TZOO)

Geode Capital Management LLC boosted its position in shares of Travelzoo (NASDAQ:TZOO) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,241 shares of the information services provider’s stock after acquiring an additional 7,857 shares during the period. Geode Capital Management LLC owned 0.70% of Travelzoo worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TZOO. ClariVest Asset Management LLC lifted its position in Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after acquiring an additional 2,732 shares during the last quarter. American Century Companies Inc. acquired a new position in Travelzoo during the 2nd quarter worth $82,000. Ritholtz Wealth Management lifted its position in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after acquiring an additional 23,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after acquiring an additional 79,990 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Travelzoo during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Travelzoo Stock Performance

Shares of TZOO opened at $19.61 on Friday. The company has a 50-day simple moving average of $19.51 and a 200-day simple moving average of $14.17. The firm has a market capitalization of $231.48 million, a P/E 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 announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, equities analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Activity at Travelzoo

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

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.