Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 2,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 2,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the transaction, the insider now owns 4,150,196 shares in the company, valued at $51,545,434.32. This represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.59, for a total value of $125,900.00.
• On Monday, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $12.73, for a total value of $63,650.00.
• On Friday, May 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $13.81, for a total value of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The stock was sold at an average price of $13.41, for a total value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was sold at an average price of $13.54, for a total value of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was sold at an average price of $13.91, for a total value of $27,820.00.
• 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 value of $36,075.00.
• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The stock was sold at an average price of $13.35, for a total value of $333,750.00.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded up $0.03 during midday trading on Monday, reaching $12.27. The company’s stock had a trading volume of 93,358 shares, compared to its average volume of 127,446. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The company has a market capitalization of $136.20 million, a P/E ratio of 12.27 and a beta of 1.17. The business’s fifty day simple moving average is $13.27 and its 200-day simple moving average is $16.21.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $23.14 million during the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a return on equity of 434.15% and a net margin of 14.51%. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Travelzoo by 352.5% in the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider’s stock valued at $1,142,000 after purchasing an additional 44,578 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Travelzoo in the 4th quarter valued at approximately $2,102,000. Renaissance Technologies LLC grew its position in shares of Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock valued at $14,168,000 after purchasing an additional 107,681 shares during the period. Tidal Investments LLC acquired a new position in shares of Travelzoo in the 4th quarter valued at approximately $710,000. Finally, Northern Trust Corp grew its position in shares of Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider’s stock valued at $552,000 after purchasing an additional 2,995 shares during the period. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Ascendiant Capital Markets increased their price objective on Travelzoo from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Noble Financial reissued an “outperform” rating on shares of Travelzoo in a research report on Wednesday, April 30th. Finally, Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Travelzoo in a research report on Tuesday, April 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $25.67.

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.