Barclays PLC Acquires New Holdings in Travelzoo (NASDAQ:TZOO)

Barclays PLC purchased a new position in shares of Travelzoo (NASDAQ:TZOO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,473 shares of the information services provider’s stock, valued at approximately $138,000.

A number of other large investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its position 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 acquiring an additional 79,990 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after acquiring an additional 2,732 shares during the last quarter. Ritholtz Wealth Management boosted its position in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after acquiring an additional 23,599 shares during the last quarter. XTX Topco Ltd boosted its position in Travelzoo by 103.5% during the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock worth $305,000 after acquiring an additional 12,854 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Travelzoo during the 3rd quarter worth approximately $298,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Travelzoo Stock Down 0.3 %

Shares of Travelzoo stock opened at $20.18 on Thursday. Travelzoo has a 12-month low of $7.12 and a 12-month high of $22.44. The stock has a market cap of $238.20 million, a P/E ratio of 18.86 and a beta of 1.71. The business’s 50 day moving average is $19.45 and its 200-day moving average is $14.13.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. During the same quarter in the prior year, the business posted $0.16 EPS. On average, sell-side analysts expect that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its board has authorized a share 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 buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TZOO shares. Barrington Research upped their price target on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Ascendiant Capital Markets upped their price objective on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Insider Activity at Travelzoo

In related news, CEO Holger Bartel sold 23,057 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.73, for a total value of $454,914.61. Following the sale, the chief executive officer now owns 4,000 shares in the company, valued at approximately $78,920. This represents a 85.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Azzurro Capital Inc sold 30,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $15.39, for a total value of $461,700.00. Following the completion of the sale, the insider now owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 265,557 shares of company stock worth $4,672,865. Company insiders own 57.45% of the company’s stock.

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.