Travelzoo (NASDAQ:TZOO) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Travelzoo (NASDAQ:TZOO) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,045 shares of the information services provider’s stock after acquiring an additional 1,668 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.60% of Travelzoo worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in Travelzoo during the fourth quarter worth about $30,000. Lazard Asset Management LLC purchased a new stake in shares of Travelzoo during the 4th quarter valued at approximately $87,000. Tower Research Capital LLC TRC lifted its holdings in Travelzoo by 556.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider’s stock valued at $112,000 after acquiring an additional 4,746 shares during the last quarter. Wells Fargo & Company MN acquired a new position in Travelzoo in the fourth quarter valued at approximately $158,000. Finally, State of Wyoming purchased a new position in Travelzoo in the fourth quarter worth approximately $171,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 76,500 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $13.15, for a total value of $1,005,975.00. Following the sale, the insider owned 4,062,696 shares of the company’s stock, valued at $53,424,452.40. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 167,500 shares of company stock worth $2,167,795 over the last three months. Insiders own 43.20% of the company’s stock.

Travelzoo Stock Down 5.2%

Shares of TZOO stock opened at $9.47 on Friday. The firm has a 50 day moving average of $12.71 and a two-hundred day moving average of $14.69. The stock has a market capitalization of $105.12 million, a PE ratio of 10.64 and a beta of 1.11. Travelzoo has a 52 week low of $9.16 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.11). The company had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. Travelzoo had a return on equity of 566.64% and a net margin of 12.32%. Analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TZOO has been the topic of a number of research analyst reports. Wall Street Zen downgraded Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Travelzoo in a research report on Thursday, July 24th. Noble Financial reaffirmed an “outperform” rating on shares of Travelzoo in a research report on Wednesday, April 30th. Finally, Ascendiant Capital Markets increased their target price on shares of Travelzoo from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.67.

Travelzoo Company Profile

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.