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

Ritholtz Wealth Management decreased its position in Travelzoo (NASDAQ:TZOO) by 14.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 46,260 shares of the information services provider’s stock after selling 8,081 shares during the period. Ritholtz Wealth Management owned about 0.41% of Travelzoo worth $631,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TZOO. Truffle Hound Capital LLC acquired a new stake in Travelzoo in the fourth quarter valued at $3,990,000. Renaissance Technologies LLC grew its holdings in Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock valued at $14,168,000 after purchasing an additional 107,681 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Travelzoo in the fourth quarter valued at $2,102,000. Raymond James Financial Inc. acquired a new stake in Travelzoo in the fourth quarter valued at $1,505,000. Finally, Millennium Management LLC grew its holdings in Travelzoo by 528.4% in the fourth quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock valued at $1,542,000 after purchasing an additional 65,004 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

Analysts Set New Price Targets

TZOO has been the topic of several research reports. Ascendiant Capital Markets upped their target price on Travelzoo from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 30th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Travelzoo in a research note on Tuesday, April 29th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Travelzoo in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Travelzoo currently has an average rating of “Buy” and a consensus price target of $25.67.

Travelzoo Trading Up 0.2%

Shares of NASDAQ:TZOO opened at $12.52 on Thursday. The stock’s 50-day moving average price is $13.26 and its two-hundred day moving average price is $16.36. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The firm has a market cap of $138.97 million, a price-to-earnings ratio of 12.52 and a beta of 1.17.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Travelzoo had a return on equity of 434.15% and a net margin of 14.51%. The business had revenue of $23.14 million during the quarter, compared to analyst estimates of $22.99 million. As a group, research analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $13.35, for a total value of $333,750.00. Following the transaction, the insider now directly owns 4,297,696 shares in the company, valued at $57,374,241.60. This trade represents a 0.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 110,000 shares of company stock valued at $1,512,910. Insiders own 43.20% of the company’s stock.

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.