Marshall Wace LLP Sells 29,847 Shares of Travelzoo (NASDAQ:TZOO)

Marshall Wace LLP decreased its holdings in shares of Travelzoo (NASDAQ:TZOO) by 60.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,669 shares of the information services provider’s stock after selling 29,847 shares during the period. Marshall Wace LLP’s holdings in Travelzoo were worth $149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TZOO. Acadian Asset Management LLC raised its position in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after purchasing an additional 47,352 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after buying an additional 2,732 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Travelzoo by 73.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock valued at $358,000 after purchasing an additional 20,019 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Travelzoo during the fourth quarter valued at approximately $445,000. Finally, Fermata Advisors LLC bought a new position in shares of Travelzoo in the 2nd quarter worth about $101,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Trading Up 1.5 %

TZOO opened at $12.55 on Monday. The firm’s 50 day simple moving average is $12.22 and its two-hundred day simple moving average is $9.84. Travelzoo has a 1-year low of $4.77 and a 1-year high of $15.23. The company has a market capitalization of $154.24 million, a PE ratio of 12.94 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The business had revenue of $21.14 million for the quarter, compared to the consensus estimate of $21.58 million. During the same period in the previous year, the business earned $0.17 earnings per share. Equities analysts forecast that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Barrington Research reaffirmed an “outperform” rating and set a $12.00 price objective on shares of Travelzoo in a research report on Friday, July 26th. Ascendiant Capital Markets lifted their price objective on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Litchfield Hills Research assumed coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price for the company.

Insider Activity

In other news, CEO Holger Bartel sold 13,466 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the transaction, the chief executive officer now directly owns 302,534 shares in the company, valued at approximately $3,082,821.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 37,500 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $12.99, for a total transaction of $487,125.00. Following the transaction, the insider now directly owns 4,922,696 shares in the company, valued at $63,945,821.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the sale, the chief executive officer now owns 302,534 shares of the company’s stock, valued at approximately $3,082,821.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 379,254 shares of company stock worth $4,459,596 over the last 90 days. Corporate insiders own 57.45% of the company’s stock.

Travelzoo Company 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.