Ritholtz Wealth Management increased its position in Travelzoo (NASDAQ:TZOO – Free Report) by 57.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,341 shares of the information services provider’s stock after buying an additional 19,888 shares during the period. Ritholtz Wealth Management owned about 0.46% of Travelzoo worth $1,084,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its stake in Travelzoo by 169.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the period. Jane Street Group LLC bought a new position in Travelzoo during the 3rd quarter valued at about $298,000. Virtu Financial LLC purchased a new stake in Travelzoo in the 3rd quarter worth about $173,000. XTX Topco Ltd lifted its stake 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 last quarter. Finally, Barclays PLC purchased a new position in shares of Travelzoo during the third quarter valued at approximately $138,000. 27.39% of the stock is owned by institutional investors.
Travelzoo Stock Performance
NASDAQ TZOO opened at $20.98 on Monday. Travelzoo has a one year low of $7.12 and a one year high of $22.44. The company has a market capitalization of $247.56 million, a price-to-earnings ratio of 19.61 and a beta of 1.71. The company’s 50-day simple moving average is $19.83 and its two-hundred day simple moving average is $14.79.
Travelzoo declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Travelzoo
In other Travelzoo news, CEO Holger Bartel sold 23,057 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the sale, the chief executive officer now directly owns 4,000 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now owns 4,837,696 shares of the company’s stock, valued at $72,662,193.92. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 265,557 shares of company stock worth $4,672,865 over the last quarter. Insiders own 47.00% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TZOO. Barrington Research raised their price target on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Ascendiant Capital Markets lifted their price objective on shares of Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th.
Get Our Latest Stock Report on Travelzoo
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.
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