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 business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $13.41, for a total transaction of $248,085.00. Following the transaction, the insider now directly owns 4,225,196 shares of the company's stock, valued at $56,659,878.36. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 transaction 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.
• 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 value of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were 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 value 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 value of $465,725.00.
• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The shares were sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Stock Performance

NASDAQ TZOO traded up $0.15 on Friday, hitting $13.52. 68,086 shares of the stock were exchanged, compared to its average volume of 126,103. The firm has a market capitalization of $150.00 million, a P/E ratio of 12.64 and a beta of 1.17. Travelzoo has a 52-week low of $7.12 and a 52-week high of $24.85. The stock has a fifty day moving average price of $13.13 and a two-hundred day moving average price of $16.77.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $23.14 million for 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%. Sell-side analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a research report on Tuesday, April 29th. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, May 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $25.67.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in shares of Travelzoo by 63.6% during the first quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider's stock worth $392,000 after purchasing an additional 11,189 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Travelzoo by 60.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider's stock worth $621,000 after buying an additional 17,146 shares during the period. Millennium Management LLC lifted 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 valued at $4,213,000 after buying an additional 231,790 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Travelzoo in the 1st quarter valued at about $1,796,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Travelzoo in the 1st quarter valued at about $120,000. Hedge funds and other 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.