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

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 5,000 shares of Travelzoo stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $12.73, for a total value of $63,650.00. Following the completion of the sale, the insider now directly owns 4,197,696 shares of the company's stock, valued at $53,436,670.08. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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, 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 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 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 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 Up 1.0%

TZOO traded up $0.13 on Friday, reaching $13.50. The company's stock had a trading volume of 42,840 shares, compared to its average volume of 126,004. The company has a market capitalization of $149.78 million, a price-to-earnings ratio of 12.64 and a beta of 1.17. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The stock has a 50 day moving average of $13.13 and a two-hundred day moving average of $16.77.

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 return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. As a group, analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Travelzoo

Institutional investors and hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in Travelzoo in the 4th quarter valued at $30,000. US Bancorp DE purchased a new position in shares of Travelzoo during the first quarter worth about $31,000. Lazard Asset Management LLC acquired a new position in Travelzoo in the 4th quarter valued at about $87,000. Tower Research Capital LLC TRC raised its stake in Travelzoo by 556.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock valued at $112,000 after acquiring an additional 4,746 shares during the last quarter. Finally, Wells Fargo & Company MN acquired a new stake in Travelzoo during the 4th quarter worth approximately $158,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TZOO has been the topic of a number of recent research reports. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Barrington Research reissued an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research report on Tuesday, April 29th. Finally, Ascendiant Capital Markets lifted their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Travelzoo presently has a consensus rating of "Buy" and a consensus 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.