Goldman Sachs Group Inc. Increases Stock Holdings in Travelzoo $TZOO

Goldman Sachs Group Inc. grew its position in Travelzoo (NASDAQ:TZOO) by 60.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,528 shares of the information services provider’s stock after acquiring an additional 17,146 shares during the quarter. Goldman Sachs Group Inc. owned about 0.41% of Travelzoo worth $621,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TZOO. US Bancorp DE acquired a new stake in shares of Travelzoo in the first quarter valued at approximately $31,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Travelzoo in the first quarter valued at approximately $120,000. BNP Paribas Financial Markets acquired a new stake in shares of Travelzoo in the fourth quarter valued at approximately $205,000. American Century Companies Inc. boosted its holdings in shares of Travelzoo by 17.0% in the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 2,404 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Travelzoo by 218.5% in the first quarter. State of Wyoming now owns 27,240 shares of the information services provider’s stock valued at $371,000 after acquiring an additional 18,687 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 20,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.53, for a total value of $190,600.00. Following the completion of the sale, the insider owned 3,845,196 shares of the company’s stock, valued at approximately $36,644,717.88. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 226,500 shares of company stock valued at $2,489,554 over the last three months. 43.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Ascendiant Capital Markets increased their price objective on Travelzoo from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen downgraded Travelzoo from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Travelzoo Stock Performance

Travelzoo stock opened at $10.46 on Thursday. Travelzoo has a one year low of $9.20 and a one year high of $24.85. The business has a fifty day moving average of $10.23 and a two-hundred day moving average of $12.21. The company has a market cap of $114.85 million, a P/E ratio of 11.75 and a beta of 1.01.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. The business had revenue of $23.91 million during the quarter, compared to analyst estimates of $23.51 million. Sell-side analysts predict that Travelzoo will post 1.09 EPS for the current year.

Travelzoo 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.