Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 20,000 Shares of Stock

Key Points

• Azzurro Capital Inc sold 20,000 shares of Travelzoo stock at an average price of $10.14, totaling $202,800, decreasing their ownership by 0.50% to 3,971,396 shares.
• Travelzoo's shares traded down 3.0% to $10.13, with a 12-month trading range between a low of $9.41 and a high of $24.85.
• Travelzoo reported an earnings per share (EPS) of $0.12 for the latest quarter, missing estimates by $0.11, while also announcing total revenue of $23.91 million.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 20,000 shares of Travelzoo stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.14, for a total value of $202,800.00. Following the sale, the insider owned 3,971,396 shares of the company's stock, valued at approximately $40,269,955.44. This represents a 0.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total value of $38,887.00.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The stock was sold at an average price of $9.59, for a total value of $60,417.00.
• On Tuesday, July 29th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $10.35, for a total value of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $11.08, for a total value of $83,100.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The stock was sold at an average price of $13.15, for a total value of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The stock was sold at an average price of $12.81, for a total value of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The stock was sold at an average price of $12.42, for a total value of $31,050.00.
• 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 shares were 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 shares were sold at an average price of $13.81, for a total value of $310,725.00.

Travelzoo Trading Down 3.0%

TZOO stock traded down $0.31 during midday trading on Thursday, hitting $10.13. 118,887 shares of the company's stock were exchanged, compared to its average volume of 137,955. Travelzoo has a 12-month low of $9.41 and a 12-month high of $24.85. The firm has a 50 day moving average price of $12.17 and a 200-day moving average price of $14.09. The stock has a market capitalization of $112.39 million, a price-to-earnings ratio of 11.38 and a beta of 1.11.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.11). Travelzoo had a return on equity of 566.64% and a net margin of 12.32%. The business had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. On average, sell-side analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock worth $4,213,000 after purchasing an additional 231,790 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Travelzoo by 24.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 180,912 shares of the information services provider's stock valued at $2,466,000 after acquiring an additional 35,075 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock valued at $2,002,000 after acquiring an additional 83,719 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Travelzoo in the 1st quarter valued at approximately $1,796,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Travelzoo in the 4th quarter valued at approximately $1,505,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Ascendiant Capital Markets raised their target price on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.

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