Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 15,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 15,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $7.56, for a total value of $113,400.00. Following the completion of the sale, the insider directly owned 3,745,196 shares in the company, valued at approximately $28,313,681.76. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 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 Thursday, December 11th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.09, for a total value of $35,450.00.
• On Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.01, for a total value of $35,050.00.
• On Wednesday, November 12th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.53, for a total value of $37,650.00.
• On Tuesday, November 4th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $7.75, for a total transaction of $77,500.00.
• On Friday, September 26th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $10.06, for a total transaction of $251,500.00.
• On Wednesday, September 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00.
• On Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $10.48, for a total transaction of $78,600.00.

Travelzoo Stock Up 5.7%

Shares of NASDAQ TZOO traded up $0.41 during midday trading on Monday, reaching $7.56. 274,132 shares of the company were exchanged, compared to its average volume of 132,215. The stock’s 50-day moving average price is $8.18 and its 200-day moving average price is $10.20. The stock has a market cap of $82.63 million, a P/E ratio of 11.81 and a beta of 0.85. Travelzoo has a one year low of $6.59 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. The firm had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. On average, equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Travelzoo

A number of institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in Travelzoo during the third quarter worth $26,000. Bank of America Corp DE increased its stake in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,988 shares in the last quarter. US Bancorp DE acquired a new position in shares of Travelzoo during the first quarter valued at about $31,000. AlphaQuest LLC grew its stake in shares of Travelzoo by 3,188.4% in the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after buying an additional 2,742 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after buying an additional 3,003 shares in the last quarter. 27.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Barrington Research dropped their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. UBS Group set a $23.00 price objective on shares of Travelzoo in a research note on Wednesday, November 19th. Finally, Ascendiant Capital Markets lowered their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.67.

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.