Ritholtz Wealth Management Has $1.08 Million Position in Travelzoo (NASDAQ:TZOO)

Ritholtz Wealth Management lifted its holdings in Travelzoo (NASDAQ:TZOO - Free Report) by 57.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,341 shares of the information services provider's stock after acquiring an additional 19,888 shares during the quarter. Ritholtz Wealth Management owned approximately 0.46% of Travelzoo worth $1,084,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. raised its holdings 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 purchasing an additional 79,990 shares during the last quarter. Jane Street Group LLC acquired a new position in Travelzoo during the third quarter valued at approximately $298,000. Virtu Financial LLC bought a new stake in Travelzoo in the third quarter valued at approximately $173,000. XTX Topco Ltd raised its holdings in Travelzoo by 103.5% in the third 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 during the period. Finally, Barclays PLC bought a new position in shares of Travelzoo during the third quarter worth $138,000. 27.39% of the stock is currently owned by institutional investors.

Travelzoo Stock Performance

NASDAQ TZOO traded up $0.12 during trading on Monday, hitting $20.98. The stock had a trading volume of 84,356 shares, compared to its average volume of 130,899. Travelzoo has a 12 month low of $7.12 and a 12 month high of $22.44. The company's 50-day moving average price is $19.83 and its two-hundred day moving average price is $14.79. The company has a market capitalization of $247.56 million, a PE ratio of 19.61 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $20.10 million during the quarter, compared to analysts' expectations of $21.15 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its board has initiated a stock repurchase plan on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Travelzoo

In related news, CEO Holger Bartel sold 23,057 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now directly owns 4,000 shares of the company's stock, valued at approximately $78,920. This trade represents a 85.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 30,000 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $15.39, for a total transaction of $461,700.00. Following the sale, the insider now directly owns 4,717,696 shares in the company, valued at $72,605,341.44. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,557 shares of company stock valued at $4,672,865. 47.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.