Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 2,500 Shares of Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 2,500 shares of Travelzoo stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the transaction, the insider now owns 4,150,196 shares in the company, valued at approximately $51,545,434.32. This represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 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 Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.59, for a total value of $125,900.00.
• On Monday, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $12.73, for a total value of $63,650.00.
• On Friday, May 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $13.81, for a total value of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total transaction of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.54, for a total transaction of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.91, for a total transaction of $27,820.00.
• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $14.43, for a total transaction of $36,075.00.
• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $13.35, for a total transaction of $333,750.00.

Travelzoo Stock Performance

Shares of NASDAQ TZOO traded up $0.44 during midday trading on Thursday, hitting $13.20. 112,531 shares of the company traded hands, compared to its average volume of 127,790. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The stock has a 50-day moving average price of $13.33 and a 200 day moving average price of $16.07. The firm has a market cap of $146.52 million, a P/E ratio of 13.20 and a beta of 1.17.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a net margin of 14.51% and a return on equity of 434.15%. The company had revenue of $23.14 million for the quarter, compared to analysts' expectations of $22.99 million. As a group, equities analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently modified their holdings of TZOO. Raymond James Financial Inc. purchased a new position in shares of Travelzoo during the fourth quarter valued at about $1,505,000. Truffle Hound Capital LLC purchased a new position in shares of Travelzoo during the fourth quarter valued at about $3,990,000. American Century Companies Inc. increased its position in shares of Travelzoo by 21.3% during 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 during the period. JPMorgan Chase & Co. increased its position in shares of Travelzoo by 352.5% during the fourth quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock valued at $1,142,000 after buying an additional 44,578 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Travelzoo during the fourth quarter valued at about $2,102,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Analyst Ratings Changes

TZOO has been the topic of a number of analyst reports. Barrington Research restated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research report on Tuesday, April 29th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Finally, Ascendiant Capital Markets boosted their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $25.67.

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.