Holger Bartel Acquires 100,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel purchased 100,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of $5.49 per share, for a total transaction of $549,000.00. Following the completion of the transaction, the chief executive officer directly owned 160,000 shares of the company’s stock, valued at approximately $878,400. This trade represents a 166.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 24th, Holger Bartel acquired 40,000 shares of Travelzoo stock. The shares were acquired at an average cost of $5.43 per share, with a total value of $217,200.00.
• On Friday, February 20th, Holger Bartel acquired 60,000 shares of Travelzoo stock. The stock was bought at an average price of $5.18 per share, with a total value of $310,800.00.

Travelzoo Stock Performance

Shares of Travelzoo stock opened at $6.37 on Thursday. Travelzoo has a one year low of $4.72 and a one year high of $16.77. The stock’s fifty day moving average is $6.17 and its 200 day moving average is $7.93. The stock has a market cap of $69.62 million, a P/E ratio of 16.76 and a beta of 0.89.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on TZOO shares. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Barrington Research reduced their price objective on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a research report on Friday, January 9th. UBS Group set a $23.00 target price on shares of Travelzoo in a research note on Wednesday, November 19th. Finally, Ascendiant Capital Markets cut their price target on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Travelzoo has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Hedge Funds Weigh In On Travelzoo

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Travelzoo by 299.8% during the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after acquiring an additional 231,790 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Travelzoo by 17.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock valued at $2,223,000 after purchasing an additional 34,031 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after purchasing an additional 83,719 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Travelzoo by 170.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock valued at $1,038,000 after purchasing an additional 91,932 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Travelzoo by 28.5% in the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock worth $722,000 after purchasing an additional 22,490 shares during the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

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.