Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 5,000 Shares of Stock

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 5,000 shares at an average price of $9.95, totaling $49,750, reducing its stake by 0.13% to approximately 3.89 million shares.
• Travelzoo's stock price fell by 4.3% to $9.30, with a market capitalization of $102.11 million, a P/E ratio of 10.45, and recent trading volumes exceeding averages.
• Recent analyst reports downgraded Travelzoo from a "buy" to a "hold" rating, while adjustments in price targets ranged from $17.00 to $26.00, indicating mixed sentiment among analysts.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 5,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $9.95, for a total value of $49,750.00. Following the sale, the insider directly owned 3,890,196 shares of the company's stock, valued at $38,707,450.20. This represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 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 Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $9.94, for a total value of $74,550.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.04, for a total value of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $9.55, for a total value 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 value of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.14, for a total value 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 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.

Travelzoo Trading Down 4.3%

Travelzoo stock traded down $0.42 during trading on Wednesday, hitting $9.30. 147,739 shares of the company were exchanged, compared to its average volume of 135,911. The company has a market capitalization of $102.11 million, a P/E ratio of 10.45 and a beta of 1.01. The business's 50 day moving average is $11.32 and its 200 day moving average is $12.96. Travelzoo has a 52 week low of $9.29 and a 52 week high of $24.85.

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

Analysts Set New Price Targets

TZOO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Ascendiant Capital Markets upped their price objective on Travelzoo from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Barrington Research reiterated an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $26.00.

Institutional Trading of Travelzoo

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its stake in Travelzoo by 299.8% in the 1st 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 last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in 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 worth $2,466,000 after buying an additional 35,075 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock worth $2,002,000 after buying an additional 83,719 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Travelzoo in the 1st quarter worth about $1,796,000. Finally, Man Group plc boosted its holdings in shares of Travelzoo by 26.3% during the 2nd quarter. Man Group plc now owns 74,179 shares of the information services provider's stock worth $944,000 after purchasing an additional 15,468 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company's stock.

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.

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