Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 22,500 Shares of Stock

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 22,500 shares at an average price of $10.04, totaling approximately $225,900, reducing their ownership by 0.57%.
• Travelzoo's recent stock performance has seen it trading at $9.69, with a market cap of $106.40 million and a P/E ratio of 10.89.
• Despite missing earnings expectations in their latest quarterly report, several analysts continue to rate Travelzoo's stock with a consensus "Buy" rating and an average price target of $25.67.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 22,500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $10.04, for a total transaction of $225,900.00. Following the sale, the insider owned 3,912,696 shares of the company's stock, valued at approximately $39,283,467.84. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 sales and purchases with the SEC.

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

• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was sold at an average price of $9.55, for a total transaction of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total transaction of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $10.14, for a total transaction of $202,800.00.
• 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 shares were 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 shares were 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 shares were 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.

Travelzoo Price Performance

TZOO traded down $0.42 during midday trading on Monday, hitting $9.69. 135,726 shares of the company's stock traded hands, compared to its average volume of 137,008. The company has a market cap of $106.40 million, a PE ratio of 10.89 and a beta of 1.11. The stock's fifty day simple moving average is $11.70 and its 200-day simple moving average is $13.51. Travelzoo has a one year low of $9.37 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.11). Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%.The business had revenue of $23.91 million during the quarter, compared to the consensus estimate of $23.51 million. On average, research analysts expect that Travelzoo will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Travelzoo

Hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its position in Travelzoo by 299.8% during the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock worth $4,213,000 after acquiring an additional 231,790 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Travelzoo in the 1st quarter worth $1,796,000. Geode Capital Management LLC increased its holdings in shares of Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock worth $2,002,000 after purchasing an additional 83,719 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Travelzoo during the fourth quarter valued at about $1,505,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Travelzoo in the second quarter valued at about $702,000. 27.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TZOO has been the topic of several analyst reports. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Barrington Research restated an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a report on Thursday, July 24th. Finally, Ascendiant Capital Markets increased their price target on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, May 30th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "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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