Hennion & Walsh Asset Management Inc. Increases Position in Travelzoo (NASDAQ:TZOO)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,837 shares of the information services provider's stock after acquiring an additional 18,651 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.24% of Travelzoo worth $2,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Travelzoo in the 3rd quarter worth $173,000. Barclays PLC acquired a new stake in shares of Travelzoo in the 3rd quarter worth $138,000. Geode Capital Management LLC boosted its position in shares of Travelzoo by 10.6% in the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock worth $991,000 after purchasing an additional 7,857 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Travelzoo by 103.5% in the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider's stock worth $305,000 after purchasing an additional 12,854 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Travelzoo in the 3rd quarter worth $298,000. Institutional investors and hedge funds own 27.39% of the company's stock.

Travelzoo Stock Performance

TZOO stock traded up $0.12 during midday trading on Friday, reaching $20.98. The stock had a trading volume of 84,331 shares, compared to its average volume of 113,203. The stock has a market cap of $247.56 million, a PE ratio of 19.61 and a beta of 1.71. The firm has a fifty day simple moving average of $19.75 and a two-hundred day simple moving average of $14.60. Travelzoo has a 52-week low of $7.12 and a 52-week high of $22.44.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released 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. The business 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 quarter last year, the business posted $0.16 EPS. On average, sell-side analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Travelzoo declared that its Board of Directors has authorized 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 30,000 shares of Travelzoo stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $15.39, for a total transaction of $461,700.00. Following the completion of the transaction, the insider now owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Holger Bartel sold 23,057 shares of Travelzoo 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 transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 265,557 shares of company stock worth $4,672,865. Insiders own 47.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barrington Research raised 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. StockNews.com lowered Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Ascendiant Capital Markets raised their target price on Travelzoo from $18.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, November 11th.

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.