Lazard Asset Management LLC Acquires New Shares in Travelzoo (NASDAQ:TZOO)

Lazard Asset Management LLC bought a new position in Travelzoo (NASDAQ:TZOO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,408 shares of the information services provider’s stock, valued at approximately $87,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Travelzoo by 352.5% during the fourth quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider’s stock valued at $1,142,000 after purchasing an additional 44,578 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Travelzoo in the fourth quarter worth $2,102,000. Renaissance Technologies LLC grew its position in Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after acquiring an additional 107,681 shares in the last quarter. Cerity Partners LLC bought a new position in Travelzoo in the fourth quarter valued at $671,000. Finally, Truffle Hound Capital LLC purchased a new stake in Travelzoo during the fourth quarter valued at about $3,990,000. Institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TZOO shares. Noble Financial reaffirmed an “outperform” rating on shares of Travelzoo in a research note on Wednesday, April 30th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Travelzoo in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $25.00.

Travelzoo Stock Performance

Shares of TZOO opened at $12.87 on Monday. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The firm’s 50-day simple moving average is $13.26 and its two-hundred day simple moving average is $17.07. The stock has a market cap of $142.79 million, a PE ratio of 12.03 and a beta of 1.21.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, April 30th. The information services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The company had revenue of $23.14 million for the quarter, compared to the consensus estimate of $22.99 million. Equities research analysts predict that Travelzoo will post 1.09 EPS for the current year.

Insider Transactions at Travelzoo

In other news, CEO Holger Bartel sold 4,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total transaction of $61,680.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $13.91, for a total value of $27,820.00. Following the completion of the transaction, the insider now owns 4,245,696 shares in the company, valued at approximately $59,057,631.36. This trade represents a 0.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock valued at $1,535,450 in the last quarter. 57.45% of the stock is owned by insiders.

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.