Holger Bartel Acquires 40,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel bought 40,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average cost of $5.43 per share, with a total value of $217,200.00. Following the purchase, the chief executive officer owned 200,000 shares of the company’s stock, valued at $1,086,000. The trade was a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 23rd, Holger Bartel purchased 100,000 shares of Travelzoo stock. The stock was acquired at an average cost of $5.49 per share, for a total transaction of $549,000.00.
• On Friday, February 20th, Holger Bartel purchased 60,000 shares of Travelzoo stock. The shares were acquired at an average price of $5.18 per share, with a total value of $310,800.00.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded up $0.14 during midday trading on Tuesday, reaching $5.53. 265,471 shares of the company’s stock were exchanged, compared to its average volume of 180,825. The stock has a market cap of $60.44 million, a price-to-earnings ratio of 14.55 and a beta of 0.89. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $16.77. The firm’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $7.97.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Thursday, February 19th. The information services provider reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). Travelzoo had a negative return on equity of 120.98% and a net margin of 4.98%.The company had revenue of $22.47 million for the quarter, compared to analysts’ expectations of $22.54 million. Equities research analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TZOO has been the topic of a number of research reports. Barrington Research decreased their price target on Travelzoo from $13.00 to $8.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group set a $23.00 price objective on Travelzoo in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a report on Friday, January 9th. Ascendiant Capital Markets dropped their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Travelzoo during the fourth quarter worth approximately $25,000. Quarry LP acquired a new position in Travelzoo during the 3rd quarter worth approximately $26,000. Bank of America Corp DE increased its position in shares of Travelzoo by 1,242.5% in the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,988 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Travelzoo by 3,188.4% in the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 2,742 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Travelzoo by 42,900.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares during the last quarter. 27.39% of the stock is owned by institutional investors and hedge funds.

About Travelzoo

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.