Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 22,500 Shares of Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 22,500 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $13.81, for a total value of $310,725.00. Following the completion of the sale, the insider now owns 4,202,696 shares of the company's stock, valued at $58,039,231.76. The trade was a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases 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 value of $63,650.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total value 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 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 value 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 value 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 shares were 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 stock was sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Stock Down 0.3%

Shares of NASDAQ TZOO traded down $0.04 during trading on Thursday, reaching $13.27. The company had a trading volume of 4,043 shares, compared to its average volume of 125,844. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The stock has a market cap of $147.23 million, a PE ratio of 12.40 and a beta of 1.17. The business's 50-day moving average is $13.13 and its 200 day moving average is $16.80.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $23.14 million for the quarter, compared to the consensus estimate of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. On average, analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

TZOO has been the topic of several recent research reports. Noble Financial reaffirmed an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Ascendiant Capital Markets upped 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. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $25.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TZOO. Millennium Management LLC lifted its holdings 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 during the period. Truffle Hound Capital LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth about $3,990,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Travelzoo during the first quarter worth about $1,796,000. Renaissance Technologies LLC grew its position in shares of Travelzoo by 17.9% during the fourth 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. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Travelzoo during the fourth quarter worth about $2,102,000. Institutional investors own 27.39% of the company's stock.

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.