Raymond James Financial Inc. Takes $1.51 Million Position in Travelzoo (NASDAQ:TZOO)

Raymond James Financial Inc. purchased a new position in shares of Travelzoo (NASDAQ:TZOO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 75,451 shares of the information services provider's stock, valued at approximately $1,505,000. Raymond James Financial Inc. owned 0.64% of Travelzoo as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in Travelzoo by 14.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider's stock worth $2,909,000 after buying an additional 18,651 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Travelzoo by 10.6% during the third 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 during the last quarter. Ritholtz Wealth Management lifted its position in shares of Travelzoo by 57.7% during the 4th quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider's stock worth $1,084,000 after buying an additional 19,888 shares in the last quarter. XTX Topco Ltd boosted its stake 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 buying an additional 12,854 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Travelzoo during the third quarter valued at approximately $298,000. Institutional investors own 27.39% of the company's stock.

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Analyst Ratings Changes

Separately, Barrington Research cut their price target on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th.

Travelzoo Stock Down 6.4 %

Shares of Travelzoo stock traded down $0.85 during trading on Thursday, hitting $12.44. 105,836 shares of the stock traded hands, compared to its average volume of 121,711. The firm's fifty day moving average is $17.04 and its 200-day moving average is $17.28. The stock has a market cap of $139.89 million, a price-to-earnings ratio of 11.63 and a beta of 1.69. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The company had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. During the same period in the prior year, the business posted $0.23 EPS. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Holger Bartel sold 4,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total transaction of $61,680.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the transaction, the insider now directly owns 4,382,696 shares of the company's stock, valued at approximately $66,879,940.96. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,500 shares of company stock valued at $1,471,555 over the last quarter. Corporate insiders own 57.45% of the company's stock.

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.