Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $610,400.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 40,000 shares of Travelzoo stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.26, for a total value of $610,400.00. Following the sale, the insider now directly owns 4,382,696 shares of the company’s stock, valued at approximately $66,879,940.96. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Monday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $19.60, for a total value of $392,000.00.

Travelzoo Stock Up 4.1 %

NASDAQ TZOO opened at $14.76 on Thursday. The company has a 50-day simple moving average of $19.14 and a two-hundred day simple moving average of $17.16. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The firm has a market cap of $174.23 million, a price-to-earnings ratio of 13.79 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. During the same quarter in the previous year, the company posted $0.23 EPS. Equities analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Travelzoo

A number of institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new stake in Travelzoo during the 4th quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Travelzoo in the third quarter valued at about $35,000. Lazard Asset Management LLC bought a new position in shares of Travelzoo during the fourth quarter valued at about $87,000. Tower Research Capital LLC TRC boosted its holdings in shares of Travelzoo by 556.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider’s stock worth $112,000 after purchasing an additional 4,746 shares during the period. Finally, Wells Fargo & Company MN bought a new stake in shares of Travelzoo in the fourth quarter worth about $158,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research cut their target price on Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th.

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.