Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 22,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of Travelzoo stock in a transaction that occurred 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 transaction, the insider directly owned 3,722,696 shares in the company, valued at $26,356,687.68. This represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 stock was 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 shares were sold at an average price of $7.09, for a total value 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 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 stock was sold at an average price of $7.75, for a total value of $77,500.00.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO traded up $0.08 during midday trading on Monday, reaching $7.09. The company had a trading volume of 35,150 shares, compared to its average volume of 131,329. Travelzoo has a 1-year low of $6.59 and a 1-year high of $24.85. The firm has a market cap of $77.44 million, a price-to-earnings ratio of 11.07 and a beta of 0.85. The company has a fifty day simple moving average of $7.61 and a two-hundred day simple moving average of $9.77.

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

Institutional Investors Weigh In On Travelzoo

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Travelzoo in the third quarter valued at about $26,000. Bank of America Corp DE lifted its position in shares of Travelzoo by 1,242.5% during the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the last quarter. AlphaQuest LLC boosted its stake in Travelzoo by 3,188.4% during the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 2,742 shares during the period. JPMorgan Chase & Co. grew its holdings in Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after buying an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Travelzoo in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TZOO shares. Barrington Research reduced their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. UBS Group set a $23.00 target price on Travelzoo in a report on Wednesday, November 19th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.