Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $113,400.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 15,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $7.56, for a total transaction of $113,400.00. Following the completion of the sale, the insider directly owned 3,745,196 shares of the company’s stock, valued at $28,313,681.76. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• 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 transaction 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 transaction 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 transaction 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 Stock Performance

Shares of TZOO stock opened at $7.44 on Thursday. The company has a market capitalization of $81.32 million, a price-to-earnings ratio of 11.63 and a beta of 0.85. Travelzoo has a one year low of $6.59 and a one year high of $24.85. The company’s 50-day moving average is $8.03 and its 200 day moving average is $10.10.

Travelzoo (NASDAQ:TZOO) last issued its earnings results 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). The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.92 million. Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%. As a group, research analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Travelzoo during the 3rd quarter worth about $26,000. Bank of America Corp DE raised its stake in shares of Travelzoo by 1,242.5% in the second 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. US Bancorp DE acquired a new stake in shares of Travelzoo during the first quarter worth about $31,000. AlphaQuest LLC boosted its position in Travelzoo by 3,188.4% in the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after buying an additional 2,742 shares during the last quarter. Finally, JPMorgan Chase & Co. increased 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 worth $38,000 after buying an additional 3,003 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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