Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 20,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of Travelzoo stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00. Following the sale, the insider directly owned 3,817,696 shares in the company, valued at approximately $40,123,984.96. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $10.48, for a total transaction of $78,600.00.
• On Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $9.53, for a total transaction of $190,600.00.
• On Thursday, September 11th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $9.58, for a total transaction of $143,700.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $9.95, for a total transaction of $49,750.00.
• On Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $9.94, for a total value of $74,550.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.04, for a total value of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was sold at an average price of $9.55, for a total value of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total value of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.14, for a total value of $202,800.00.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The shares were sold at an average price of $9.59, for a total transaction of $60,417.00.

Travelzoo Trading Down 3.3%

Travelzoo stock opened at $10.12 on Friday. The company has a 50-day moving average price of $10.17 and a 200 day moving average price of $12.19. Travelzoo has a 12-month low of $9.20 and a 12-month high of $24.85. The stock has a market cap of $111.12 million, a P/E ratio of 11.37 and a beta of 1.01.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.11). The firm had revenue of $23.91 million during the quarter, compared to analysts’ expectations of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. As a group, analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Institutional Trading of Travelzoo

Large investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of Travelzoo by 12.1% in the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider’s stock valued at $552,000 after acquiring an additional 2,995 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Travelzoo during the fourth quarter worth about $205,000. Millennium Management LLC grew its position in shares of Travelzoo by 528.4% during the fourth quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock worth $1,542,000 after buying an additional 65,004 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth approximately $710,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Travelzoo by 24.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 180,912 shares of the information services provider’s stock valued at $2,466,000 after acquiring an additional 35,075 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

TZOO has been the topic of a number of research analyst reports. Ascendiant Capital Markets lifted their target price on Travelzoo from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Travelzoo in a research note on Thursday, July 24th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Wall Street Zen lowered Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.