14,340 Shares in Travelzoo (NASDAQ:TZOO) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in Travelzoo (NASDAQ:TZOO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,340 shares of the information services provider’s stock, valued at approximately $173,000. Virtu Financial LLC owned 0.12% of Travelzoo as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. ClariVest Asset Management LLC boosted its holdings in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after purchasing an additional 2,732 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Travelzoo during the third quarter worth about $35,000. Geode Capital Management LLC boosted its stake in Travelzoo by 10.6% in the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after buying an additional 7,857 shares during the last quarter. American Century Companies Inc. purchased a new stake in Travelzoo in the 2nd quarter valued at about $82,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Travelzoo during the 2nd quarter valued at about $82,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Holger Bartel sold 100,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $11.44, for a total value of $1,144,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Azzurro Capital Inc sold 52,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $18.29, for a total transaction of $960,225.00. Following the sale, the insider now directly owns 4,492,696 shares of the company’s stock, valued at approximately $82,171,409.84. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,000 shares of company stock worth $5,582,475 over the last quarter. 47.00% of the stock is owned by corporate insiders.

Travelzoo Stock Performance

NASDAQ TZOO opened at $20.49 on Thursday. The firm has a market capitalization of $241.86 million, a price-to-earnings ratio of 19.15 and a beta of 1.71. Travelzoo has a one year low of $7.12 and a one year high of $22.44. The company’s 50 day moving average price is $17.54 and its 200 day moving average price is $12.83.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. During the same quarter in the previous year, the business posted $0.16 EPS. Sell-side analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

Travelzoo declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 23rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TZOO shares. Ascendiant Capital Markets raised their target price on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Litchfield Hills Research began coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Barrington Research increased their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd.

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.