Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 2,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $14.43, for a total transaction of $36,075.00. Following the transaction, the insider now directly owns 4,295,196 shares in the company, valued at approximately $61,979,678.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The stock was sold at an average price of $13.35, for a total transaction of $333,750.00.
• On Monday, March 24th, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was sold at an average price of $14.33, for a total value of $465,725.00.
• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The shares were sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Stock Performance

TZOO stock opened at $13.38 on Thursday. Travelzoo has a one year low of $7.12 and a one year high of $24.85. The firm has a market cap of $150.46 million, a PE ratio of 12.50 and a beta of 1.21. The firm’s 50 day moving average price is $13.46 and its 200-day moving average price is $17.26.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of Travelzoo during the third quarter worth $298,000. Barclays PLC purchased a new position in shares of Travelzoo in the 3rd quarter valued at about $138,000. Geode Capital Management LLC raised its position in shares of Travelzoo by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after acquiring an additional 7,857 shares in the last quarter. Virtu Financial LLC acquired a new position in Travelzoo in the third quarter valued at approximately $173,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Travelzoo by 14.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider’s stock worth $2,909,000 after purchasing an additional 18,651 shares in the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Noble Financial restated an “outperform” rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research reissued 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 MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $25.00.

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.