Truffle Hound Capital LLC acquired a new position in Travelzoo (NASDAQ:TZOO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the information services provider's stock, valued at approximately $3,990,000. Travelzoo accounts for 1.4% of Truffle Hound Capital LLC's investment portfolio, making the stock its 22nd largest position. Truffle Hound Capital LLC owned about 1.69% of Travelzoo at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Travelzoo in the third quarter worth about $35,000. Quadrature Capital Ltd bought a new stake in Travelzoo during the 3rd quarter worth approximately $134,000. Barclays PLC purchased a new position in Travelzoo during the third quarter valued at approximately $138,000. Virtu Financial LLC bought a new position in shares of Travelzoo in the third quarter worth approximately $173,000. Finally, Jane Street Group LLC purchased a new stake in shares of Travelzoo in the third quarter worth $298,000. Hedge funds and other institutional investors own 27.39% of the company's stock.
Insider Buying and Selling at Travelzoo
In other news, CEO Holger Bartel sold 4,000 shares of the business'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 filing with the SEC, which is available through the SEC website. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.26, for a total transaction of $610,400.00. Following the sale, the insider now directly owns 4,382,696 shares in the company, valued at approximately $66,879,940.96. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,500 shares of company stock worth $1,137,805. Insiders own 57.45% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Barrington Research reduced their price objective on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th.
View Our Latest Stock Analysis on TZOO
Travelzoo Price Performance
Shares of TZOO stock traded down $0.12 during mid-day trading on Wednesday, hitting $14.31. The stock had a trading volume of 63,563 shares, compared to its average volume of 121,546. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The firm's 50-day moving average is $17.92 and its two-hundred day moving average is $17.33. The firm has a market capitalization of $160.92 million, a P/E ratio of 13.37 and a beta of 1.69.
Travelzoo (NASDAQ:TZOO - Get Free Report) last released 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. The company had revenue of $20.68 million during the quarter, compared to analysts' expectations of $22.06 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same period last year, the business posted $0.23 earnings per share. Analysts expect that Travelzoo will post 1.09 EPS for the current year.
Travelzoo Company Profile
(
Free Report)
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.
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