Hennion & Walsh Asset Management Inc. Acquires 18,651 Shares of Travelzoo (NASDAQ:TZOO)

Hennion & Walsh Asset Management Inc. boosted its holdings in Travelzoo (NASDAQ:TZOO) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,837 shares of the information services provider’s stock after buying an additional 18,651 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 1.24% of Travelzoo worth $2,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Travelzoo by 10.6% during the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after purchasing an additional 7,857 shares during the last quarter. Ritholtz Wealth Management raised its stake in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after buying an additional 23,599 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Travelzoo by 103.5% during the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock valued at $305,000 after buying an additional 12,854 shares during the period. Jane Street Group LLC bought a new position in shares of Travelzoo during the 3rd quarter valued at $298,000. Finally, Virtu Financial LLC purchased a new position in shares of Travelzoo in the 3rd quarter worth $173,000. Institutional investors own 27.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Travelzoo

In related 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 transaction of $454,914.61. Following the completion of the sale, the chief executive officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $17.28, for a total value of $1,036,800.00. Following the completion of the transaction, the insider now directly owns 4,577,696 shares in the company, valued at approximately $79,102,586.88. This represents a 1.29 % decrease in their ownership of the stock. 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. 47.00% of the stock is owned by corporate insiders.

Travelzoo Stock Up 1.0 %

NASDAQ TZOO opened at $20.86 on Friday. Travelzoo has a 52 week low of $7.12 and a 52 week high of $22.44. The company has a market capitalization of $246.15 million, a P/E ratio of 19.50 and a beta of 1.71. The stock’s 50-day moving average price is $19.75 and its 200-day moving average price is $14.60.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter last year, the business earned $0.16 EPS. Research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Travelzoo declared that its Board of Directors has authorized a share buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.