Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 2,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $13.91, for a total transaction of $27,820.00. Following the sale, the insider now owns 4,245,696 shares of the company’s stock, valued at $59,057,631.36. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The stock was sold at an average price of $14.43, for a total transaction of $36,075.00.
• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were 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 shares were sold at an average price of $14.33, for a total transaction 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 transaction of $610,400.00.

Travelzoo Stock Down 0.4%

Shares of NASDAQ TZOO traded down $0.06 during midday trading on Monday, reaching $13.64. 53,627 shares of the company were exchanged, compared to its average volume of 127,328. The stock’s 50-day moving average price is $13.36 and its 200-day moving average price is $17.22. The stock has a market cap of $153.38 million, a P/E ratio of 12.75 and a beta of 1.21. Travelzoo has a one year low of $7.12 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $23.14 million for the quarter, compared to the consensus estimate of $22.99 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. On average, equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial reissued an “outperform” rating on shares of Travelzoo in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Travelzoo currently has a consensus rating of “Buy” and a consensus price target of $25.00.

Institutional Trading of Travelzoo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new position in shares of Travelzoo during the fourth quarter worth $30,000. US Bancorp DE acquired a new position in Travelzoo in the first quarter valued at $31,000. Lazard Asset Management LLC acquired a new position in Travelzoo in the fourth quarter valued at $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 buying an additional 4,746 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Travelzoo in the first quarter valued at $120,000. Institutional investors own 27.39% of the company’s stock.

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.