Holger Bartel Acquires 60,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel bought 60,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $5.18 per share, for a total transaction of $310,800.00. Following the completion of the transaction, the chief executive officer owned 60,000 shares of the company’s stock, valued at $310,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 24th, Holger Bartel purchased 40,000 shares of Travelzoo stock. The stock was purchased at an average price of $5.43 per share, with a total value of $217,200.00.
• On Monday, February 23rd, Holger Bartel acquired 100,000 shares of Travelzoo stock. The shares were purchased at an average price of $5.49 per share, for a total transaction of $549,000.00.

Travelzoo Trading Up 2.6%

NASDAQ:TZOO traded up $0.14 during trading hours on Tuesday, hitting $5.53. 265,471 shares of the stock traded hands, compared to its average volume of 180,825. The firm has a 50 day moving average price of $6.23 and a 200 day moving average price of $7.97. The firm 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.

Travelzoo (NASDAQ:TZOO) last posted its quarterly 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). The business had revenue of $22.47 million for the quarter, compared to analyst estimates of $22.54 million. Travelzoo had a net margin of 4.98% and a negative return on equity of 120.98%. Research analysts predict that Travelzoo will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Travelzoo

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in Travelzoo by 28.5% during the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after buying an additional 22,490 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Travelzoo in the 4th quarter valued at approximately $115,000. Jain Global LLC acquired a new stake in Travelzoo in the 4th quarter worth approximately $74,000. Squarepoint Ops LLC boosted its position in Travelzoo by 224.5% during the fourth quarter. Squarepoint Ops LLC now owns 52,288 shares of the information services provider’s stock worth $372,000 after purchasing an additional 36,174 shares during the period. Finally, Truvestments Capital LLC boosted its position in Travelzoo by 21.2% during the fourth quarter. Truvestments Capital LLC now owns 61,835 shares of the information services provider’s stock worth $440,000 after purchasing an additional 10,830 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barrington Research decreased their price target on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a report on Friday. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Ascendiant Capital Markets dropped their price target on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a report on Friday, January 9th. Finally, UBS Group set a $23.00 target price on Travelzoo in a research note on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

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.