Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 25,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total transaction of $195,000.00. Following the completion of the transaction, the insider now owns 5,089,871 shares in the company, valued at $39,700,993.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 Thursday, June 27th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.60, for a total value of $114,000.00.
• On Thursday, June 13th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.82, for a total value of $39,100.00.
• On Thursday, May 30th, Azzurro Capital Inc sold 17,500 shares of Travelzoo stock. The stock was sold at an average price of $7.71, for a total value of $134,925.00.
• On Monday, May 20th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $8.51, for a total transaction of $170,200.00.

Travelzoo Trading Down 3.5 %

TZOO stock traded down $0.27 during midday trading on Thursday, hitting $7.54. The company had a trading volume of 57,766 shares, compared to its average volume of 97,788. Travelzoo has a 52 week low of $4.77 and a 52 week high of $11.23. The stock has a market cap of $98.77 million, a price-to-earnings ratio of 8.45 and a beta of 1.68. The stock’s 50 day moving average price is $8.24 and its 200 day moving average price is $8.99.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $21.99 million during the quarter, compared to analyst estimates of $23.72 million. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. Analysts predict that Travelzoo will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TZOO. Barrington Research reduced their target price on shares of Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Institutional Trading of Travelzoo

A number of institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after purchasing an additional 47,352 shares during the period. Trexquant Investment LP grew its position in shares of Travelzoo by 184.1% in the 3rd quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after buying an additional 40,051 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Travelzoo during the fourth quarter valued at approximately $445,000. Denali Advisors LLC raised its holdings in shares of Travelzoo by 5.1% during the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock valued at $374,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in Travelzoo by 46.4% in the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after acquiring an additional 9,800 shares during the period. 27.39% of the stock is currently 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.