Raymond James Financial Inc. Purchases Shares of 75,451 Travelzoo (NASDAQ:TZOO)

Raymond James Financial Inc. bought a new position in Travelzoo (NASDAQ:TZOO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 75,451 shares of the information services provider's stock, valued at approximately $1,505,000. Raymond James Financial Inc. owned about 0.64% of Travelzoo at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Travelzoo during the third quarter valued at about $35,000. Geode Capital Management LLC raised its position in shares of Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock valued at $991,000 after purchasing an additional 7,857 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Travelzoo during the 3rd quarter valued at approximately $134,000. Barclays PLC purchased a new position in Travelzoo in the 3rd quarter valued at approximately $138,000. Finally, XTX Topco Ltd raised its holdings in Travelzoo by 103.5% during the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider's stock valued at $305,000 after acquiring an additional 12,854 shares during the period. 27.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelzoo

In related news, CEO Holger Bartel sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total value of $61,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of Travelzoo stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $13.35, for a total transaction of $333,750.00. Following the sale, the insider now owns 4,297,696 shares of the company's stock, valued at approximately $57,374,241.60. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,500 shares of company stock valued at $1,471,555 in the last 90 days. Corporate insiders own 57.45% of the company's stock.

Travelzoo Stock Down 7.3 %

NASDAQ:TZOO traded down $0.91 during mid-day trading on Friday, hitting $11.53. 193,282 shares of the stock traded hands, compared to its average volume of 122,354. The business's 50-day moving average price is $16.85 and its 200 day moving average price is $17.30. The company has a market cap of $129.65 million, a PE ratio of 10.78 and a beta of 1.41. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $20.68 million for the quarter, compared to analysts' expectations of $22.06 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 firm posted $0.23 earnings per share. Analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.