Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 10,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $12.54, for a total value of $125,400.00. Following the sale, the insider now owns 4,875,196 shares of the company’s stock, valued at approximately $61,134,957.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was sold at an average price of $12.99, for a total value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total transaction of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $10.50, for a total transaction of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.16, for a total value of $228,600.00.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded up $0.20 during trading on Friday, hitting $12.56. The company had a trading volume of 148,623 shares, compared to its average volume of 105,287. The stock has a market cap of $154.36 million, a price-to-earnings ratio of 13.71 and a beta of 1.74. The company has a fifty day simple moving average of $11.66 and a two-hundred day simple moving average of $9.71. Travelzoo has a one year low of $4.77 and a one year high of $15.23.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The company had revenue of $21.14 million during the quarter, compared to analyst estimates of $21.58 million. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, equities research analysts anticipate that Travelzoo will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TZOO shares. Ascendiant Capital Markets raised their price target on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th. Barrington Research reissued an “outperform” rating and issued a $12.00 target price on shares of Travelzoo in a report on Friday, July 26th. Litchfield Hills Research initiated coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. Finally, StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently made changes to their positions in TZOO. Acadian Asset Management LLC raised its position in Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after purchasing an additional 47,352 shares during the period. Quadrature Capital Ltd bought a new position in shares of Travelzoo during the fourth quarter valued at approximately $445,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Travelzoo in the first quarter worth approximately $277,000. Fermata Advisors LLC bought a new stake in shares of Travelzoo during the 2nd quarter worth approximately $101,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Travelzoo during the 1st quarter valued at $132,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.