Travelzoo (NASDAQ:TZOO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Travelzoo (NASDAQ:TZOO) by 15.7% in the fourth quarter, HoldingsChannel reports. The fund owned 65,377 shares of the information services provider’s stock after selling 12,166 shares during the period. Bank of New York Mellon Corp’s holdings in Travelzoo were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in Travelzoo by 14.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider’s stock valued at $2,909,000 after acquiring an additional 18,651 shares during the period. Geode Capital Management LLC lifted its holdings in Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after acquiring an additional 7,857 shares during the period. Ritholtz Wealth Management lifted its holdings in Travelzoo by 57.7% in the fourth quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider’s stock valued at $1,084,000 after acquiring an additional 19,888 shares during the period. XTX Topco Ltd lifted 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 valued at $305,000 after acquiring an additional 12,854 shares during the period. Finally, Jane Street Group LLC acquired a new position in Travelzoo in the third quarter valued at approximately $298,000. 27.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 40,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.26, for a total value of $610,400.00. Following the transaction, the insider now owns 4,382,696 shares of the company’s stock, valued at $66,879,940.96. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Holger Bartel sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total value of $61,680.00. The disclosure for this sale can be found here. 57.45% of the stock is owned by company insiders.

Travelzoo Price Performance

Travelzoo stock opened at $13.66 on Monday. The stock has a market capitalization of $161.24 million, a PE ratio of 12.77 and a beta of 1.69. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85. The business has a 50 day simple moving average of $18.24 and a 200-day simple moving average of $17.31.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The firm had revenue of $20.68 million during the quarter, compared to analysts’ expectations of $22.06 million. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barrington Research cut their price objective on Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

Travelzoo 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.