Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 60,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 60,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.28, for a total transaction of $1,036,800.00. Following the sale, the insider now directly owns 4,577,696 shares of the company’s stock, valued at $79,102,586.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 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 Monday, November 11th, Azzurro Capital Inc sold 52,500 shares of Travelzoo stock. The stock was sold at an average price of $18.29, for a total value of $960,225.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The stock was sold at an average price of $17.38, for a total value of $477,950.00.
• On Monday, October 28th, Azzurro Capital Inc sold 42,500 shares of Travelzoo stock. The stock was sold at an average price of $17.39, for a total value of $739,075.00.
• On Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The shares were sold at an average price of $15.39, for a total value of $461,700.00.
• On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $15.02, for a total value of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The shares were sold at an average price of $12.99, for a total value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total value of $220,800.00.

Travelzoo Stock Performance

TZOO stock traded down $0.22 on Tuesday, reaching $19.15. The company’s stock had a trading volume of 106,445 shares, compared to its average volume of 111,081. The business has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $10.73. Travelzoo has a 12-month low of $7.12 and a 12-month high of $19.47. The firm has a market cap of $235.35 million, a PE ratio of 18.10 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. During the same period last year, the firm posted $0.16 earnings per share. As a group, research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 23rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Travelzoo

A number of hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its position in shares of Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after acquiring an additional 47,352 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Travelzoo in the first quarter valued at approximately $132,000. Fermata Advisors LLC acquired a new stake in shares of Travelzoo in the second quarter valued at approximately $101,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Travelzoo by 73.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock valued at $358,000 after purchasing an additional 20,019 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Travelzoo in the second quarter valued at approximately $82,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TZOO. Barrington Research raised their price target on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Litchfield Hills Research initiated coverage on Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective on the stock. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Finally, Ascendiant Capital Markets raised their price target on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday.

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.