Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $159,300.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of Travelzoo stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $7.08, for a total transaction of $159,300.00. Following the completion of the sale, the insider owned 3,722,696 shares of the company’s stock, valued at approximately $26,356,687.68. This trade represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 26th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The shares were sold at an average price of $6.97, for a total transaction of $278,800.00.
• On Tuesday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $7.01, for a total transaction of $140,200.00.
• On Monday, December 15th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.56, for a total transaction of $113,400.00.
• 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 transaction of $35,450.00.
• On Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was 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 shares were 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 shares were sold at an average price of $7.75, for a total value of $77,500.00.

Travelzoo Stock Up 1.1%

NASDAQ:TZOO traded up $0.08 during trading hours on Monday, reaching $7.09. 35,150 shares of the stock were exchanged, compared to its average volume of 131,329. The stock has a market capitalization of $77.44 million, a P/E ratio of 11.07 and a beta of 0.85. The firm has a 50 day simple moving average of $7.61 and a 200-day simple moving average of $9.77. Travelzoo has a 52 week low of $6.59 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The firm had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.92 million. Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. As a group, analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Travelzoo in the third quarter worth approximately $26,000. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 1,988 shares during the period. AlphaQuest LLC boosted its stake in Travelzoo by 3,188.4% during the second 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after acquiring an additional 3,003 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Travelzoo during the second quarter worth about $44,000. Institutional investors own 27.39% of the company’s stock.

Analyst Ratings Changes

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

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.