Insider Selling: Travelzoo (NASDAQ:TZOO) CEO Sells $1,144,000.00 in Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $11.44, for a total transaction of $1,144,000.00. Following the completion of the transaction, the chief executive officer now directly owns 100,000 shares in the company, valued at approximately $1,144,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, August 16th, Holger Bartel sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $11.91, for a total transaction of $238,200.00.
• On Monday, August 19th, Holger Bartel sold 30,000 shares of Travelzoo stock. The shares were sold at an average price of $12.26, for a total transaction of $367,800.00.
• On Thursday, August 1st, Holger Bartel sold 13,466 shares of Travelzoo stock. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54.

Travelzoo Stock Up 0.4 %

Travelzoo stock opened at $14.14 on Monday. Travelzoo has a 52 week low of $4.77 and a 52 week high of $15.23. The company’s 50 day moving average price is $11.31 and its two-hundred day moving average price is $9.62. The stock has a market cap of $185.21 million, a P/E ratio of 15.54 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The company had revenue of $21.14 million during the quarter, compared to analyst estimates of $21.58 million. During the same quarter last year, the business posted $0.17 EPS. On average, equities analysts anticipate that Travelzoo will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Travelzoo

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in shares of Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after purchasing an additional 47,352 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after purchasing an additional 2,732 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Travelzoo by 73.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock worth $358,000 after purchasing an additional 20,019 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Travelzoo during the 4th quarter worth approximately $445,000. Finally, Jump Financial LLC increased its stake in shares of Travelzoo by 46.4% during the 4th quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after purchasing an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Wall Street Analyst Weigh In

TZOO has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research report on Friday, July 26th. Litchfield Hills Research initiated coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock. Ascendiant Capital Markets lifted their target price on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th.

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.