Insider Selling: Travelzoo (NASDAQ:TZOO) CEO Sells 3,000 Shares of Stock

Travelzoo (NASDAQ:TZOOGet Rating) CEO Holger Bartel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $6.43, for a total value of $19,290.00. Following the sale, the chief executive officer now owns 511,467 shares in the company, valued at approximately $3,288,732.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Holger Bartel also recently made the following trade(s):

  • On Monday, May 2nd, Holger Bartel sold 7,000 shares of Travelzoo stock. The stock was sold at an average price of $7.40, for a total value of $51,800.00.
  • On Friday, April 29th, Holger Bartel sold 4,500 shares of Travelzoo stock. The stock was sold at an average price of $6.96, for a total value of $31,320.00.
  • On Wednesday, April 27th, Holger Bartel sold 13,600 shares of Travelzoo stock. The stock was sold at an average price of $6.69, for a total value of $90,984.00.

Shares of NASDAQ TZOO opened at $7.24 on Friday. The stock has a market cap of $87.29 million, a PE ratio of 19.05 and a beta of 1.56. Travelzoo has a 52-week low of $5.20 and a 52-week high of $18.47. The business has a 50-day moving average price of $6.45 and a 200 day moving average price of $8.59.

Travelzoo (NASDAQ:TZOOGet Rating) last announced its earnings results on Tuesday, April 26th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.20. Travelzoo had a negative return on equity of 1,142.83% and a net margin of 7.67%. The firm had revenue of $18.45 million during the quarter, compared to analysts’ expectations of $16.31 million. During the same period in the prior year, the firm earned ($0.14) EPS. As a group, research analysts forecast that Travelzoo will post 0.65 EPS for the current year.

A number of research analysts have recently commented on TZOO shares. Zacks Investment Research upgraded Travelzoo from a “hold” rating to a “strong-buy” rating and set a $7.25 price objective on the stock in a report on Wednesday. Ascendiant Capital Markets downgraded Travelzoo from a “buy” rating to a “hold” rating in a report on Friday, March 18th. Finally, StockNews.com initiated coverage on Travelzoo in a report on Thursday, March 31st. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Travelzoo presently has an average rating of “Buy” and a consensus price target of $13.13.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Travelzoo by 31.0% during the first quarter. Morgan Stanley now owns 21,823 shares of the information services provider’s stock valued at $366,000 after buying an additional 5,166 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Travelzoo by 5.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,880 shares of the information services provider’s stock worth $254,000 after buying an additional 1,062 shares in the last quarter. BlackRock Inc. raised its position in shares of Travelzoo by 10.4% during the third quarter. BlackRock Inc. now owns 136,861 shares of the information services provider’s stock worth $1,588,000 after purchasing an additional 12,929 shares during the period. Geode Capital Management LLC raised its position in shares of Travelzoo by 5.2% during the third quarter. Geode Capital Management LLC now owns 63,487 shares of the information services provider’s stock worth $736,000 after purchasing an additional 3,138 shares during the period. Finally, Renaissance Technologies LLC raised its position in Travelzoo by 5.7% during the third quarter. Renaissance Technologies LLC now owns 597,591 shares of the information services provider’s stock valued at $6,932,000 after buying an additional 32,400 shares during the period. 34.22% of the stock is owned by hedge funds and other institutional investors.

Travelzoo Company Profile (Get Rating)

Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

Further Reading

Insider Buying and Selling by Quarter for Travelzoo (NASDAQ:TZOO)

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