Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 5,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 5,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $7.09, for a total transaction of $35,450.00. Following the sale, the insider directly owned 3,760,196 shares in the company, valued at $26,659,789.64. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major 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 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 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 shares were sold at an average price of $7.75, for a total value 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 shares were sold at an average price of $10.51, for a total value 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 Trading 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 132,216. The stock has a market cap of $82.63 million, a PE ratio of 11.81 and a beta of 0.85. The business’s fifty day moving average is $8.18 and its two-hundred day moving average is $10.20. Travelzoo has a one year low of $6.59 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $22.92 million. Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. As a group, sell-side analysts expect that Travelzoo will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Travelzoo

Several large investors have recently modified their holdings of TZOO. Millennium Management LLC raised its position in Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after buying an additional 231,790 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Travelzoo in the first quarter worth $1,796,000. Geode Capital Management LLC increased its stake in shares of Travelzoo by 113.8% in the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after acquiring an additional 83,719 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Travelzoo during the second quarter worth $702,000. Finally, Marshall Wace LLP acquired a new position in Travelzoo during the second quarter valued at $504,000. Institutional investors own 27.39% of the company’s stock.

Analyst Ratings Changes

TZOO has been the subject of a number of recent research reports. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. Barrington Research reduced their target price on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. UBS Group set a $23.00 target price on shares of Travelzoo in a report on Wednesday, November 19th. Finally, Ascendiant Capital Markets cut their price target on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.67.

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.