Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $465,725.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 32,500 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $14.33, for a total transaction of $465,725.00. Following the transaction, the insider now owns 4,322,696 shares in the company, valued at approximately $61,944,233.68. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% 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, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $15.26, for a total transaction of $610,400.00.

Travelzoo Stock Down 3.6 %

Shares of NASDAQ TZOO opened at $13.62 on Friday. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The business’s 50 day moving average price is $17.64 and its 200 day moving average price is $17.32. The firm has a market cap of $153.16 million, a P/E ratio of 12.73 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The firm had revenue of $20.68 million during the quarter, compared to analysts’ expectations of $22.06 million. During the same quarter last year, the company posted $0.23 earnings per share. As a group, research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in Travelzoo during the fourth quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Travelzoo during the 3rd quarter worth about $35,000. Lazard Asset Management LLC purchased a new position in shares of Travelzoo in the 4th quarter valued at about $87,000. Tower Research Capital LLC TRC raised its holdings in Travelzoo by 556.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider’s stock worth $112,000 after purchasing an additional 4,746 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Travelzoo during the third quarter worth approximately $134,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research lowered their price objective on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th.

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.