Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 18,500 Shares of Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 18,500 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $13.41, for a total transaction of $248,085.00. Following the transaction, the insider now owns 4,225,196 shares in the company, valued at approximately $56,659,878.36. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more 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 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 transaction 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 Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was 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 shares were sold at an average price of $13.35, for a total transaction of $333,750.00.
• On Monday, March 24th, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was sold at an average price of $14.33, for a total transaction of $465,725.00.
• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $15.26, for a total transaction of $610,400.00.

Travelzoo Trading Down 0.3%

TZOO traded down $0.04 during midday trading on Thursday, hitting $13.27. The company's stock had a trading volume of 4,043 shares, compared to its average volume of 125,844. The firm has a market cap of $147.23 million, a P/E ratio of 12.40 and a beta of 1.17. The firm has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $16.80. Travelzoo has a 52-week low of $7.12 and a 52-week high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted 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). The business had revenue of $23.14 million during the quarter, compared to analysts' expectations of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. On average, equities analysts expect that Travelzoo will post 1.09 EPS for the current year.

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Travelzoo by 17.9% during the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after purchasing an additional 107,681 shares in the last quarter. Millennium Management LLC grew its position in Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock valued at $4,213,000 after acquiring an additional 231,790 shares in the last quarter. Truffle Hound Capital LLC acquired a new stake in Travelzoo in the fourth quarter valued at approximately $3,990,000. Hennion & Walsh Asset Management Inc. grew its position in Travelzoo by 24.1% in the first 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Travelzoo in the first quarter valued at approximately $1,796,000. Institutional investors and hedge funds own 27.39% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TZOO shares. Ascendiant Capital Markets lifted their price target on Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Noble Financial reaffirmed an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Finally, Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research note on Tuesday, April 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target 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.