Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 40,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 40,000 shares of Travelzoo stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.26, for a total transaction of $610,400.00. Following the sale, the insider now directly owns 4,382,696 shares in the company, valued at $66,879,940.96. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major 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 stock was sold at an average price of $19.60, for a total transaction of $392,000.00.

Travelzoo Stock Up 2.7 %

NASDAQ TZOO opened at $14.18 on Wednesday. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The firm has a market capitalization of $167.38 million, a P/E ratio of 13.25 and a beta of 1.69. The company has a 50-day moving average price of $19.24 and a 200-day moving average price of $17.18.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $20.68 million during the quarter, compared to the consensus estimate of $22.06 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same period in the prior year, the company earned $0.23 EPS. As a group, equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Travelzoo

Institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in Travelzoo in the fourth quarter worth about $30,000. American Century Companies Inc. increased its position in shares of Travelzoo by 21.3% in the fourth quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider’s stock valued at $282,000 after buying an additional 2,483 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Travelzoo during the third quarter worth approximately $35,000. Northern Trust Corp grew its holdings in Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider’s stock valued at $552,000 after buying an additional 2,995 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Travelzoo in the 4th quarter valued at $87,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

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

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.