Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 11,000 Shares of Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 11,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $12.81, for a total transaction of $140,910.00. Following the sale, the insider owned 4,139,196 shares of the company's stock, valued at $53,023,100.76. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• 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 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.
• 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 transaction of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The stock was 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 stock was 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 stock was sold at an average price of $13.35, for a total value of $333,750.00.

Travelzoo Stock Performance

NASDAQ TZOO traded down $0.62 during trading on Monday, reaching $12.73. 131,784 shares of the company traded hands, compared to its average volume of 131,813. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85. The company has a market cap of $141.30 million, a price-to-earnings ratio of 12.73 and a beta of 1.17. The stock's 50 day moving average price is $13.36 and its two-hundred day moving average price is $15.93.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 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 during the quarter, compared to analyst estimates of $22.99 million. Equities research analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TZOO. Ascendiant Capital Markets upped 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. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research report on Tuesday, April 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Travelzoo has an average rating of "Buy" and an average target price of $25.67.

Institutional Investors Weigh In On Travelzoo

Several large investors have recently made changes to their positions in TZOO. JPMorgan Chase & Co. lifted its holdings in Travelzoo by 352.5% during the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock valued at $1,142,000 after purchasing an additional 44,578 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Travelzoo in the fourth quarter valued at approximately $2,102,000. Renaissance Technologies LLC raised its stake in shares of Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock valued at $14,168,000 after acquiring an additional 107,681 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Travelzoo in the 4th quarter worth approximately $710,000. Finally, Northern Trust Corp grew its position in Travelzoo by 12.1% during the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after acquiring an additional 2,995 shares during the last quarter. Institutional investors 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.