Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $278,800.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 40,000 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $6.97, for a total transaction of $278,800.00. Following the sale, the insider directly owned 3,662,696 shares of the company’s stock, valued at $25,528,991.12. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Tuesday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $7.01, for a total transaction of $140,200.00.
• On Monday, December 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $7.08, for a total transaction of $159,300.00.
• On Monday, December 15th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $7.56, for a total transaction of $113,400.00.
• On Thursday, December 11th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.09, for a total transaction of $35,450.00.
• On Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.01, for a total transaction of $35,050.00.
• On Wednesday, November 12th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.53, for a total value of $37,650.00.
• On Tuesday, November 4th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $7.75, for a total value of $77,500.00.

Travelzoo Stock Performance

NASDAQ:TZOO traded up $0.08 during trading hours on Monday, hitting $7.09. 35,150 shares of the company’s stock traded hands, compared to its average volume of 131,329. The stock’s fifty day moving average price is $7.61 and its two-hundred day moving average price is $9.77. The firm has a market cap of $77.44 million, a P/E ratio of 11.09 and a beta of 0.85. Travelzoo has a twelve month low of $6.59 and a twelve month high of $24.85.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $22.20 million for the quarter, compared to analysts’ expectations of $22.92 million. Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. On average, equities research analysts predict that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently made changes to their positions in TZOO. State of Wyoming boosted its stake in shares of Travelzoo by 5.6% during the 3rd quarter. State of Wyoming now owns 25,819 shares of the information services provider’s stock worth $254,000 after acquiring an additional 1,376 shares in the last quarter. AlphaQuest LLC lifted its holdings in Travelzoo by 57.8% in the 3rd quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock worth $44,000 after purchasing an additional 1,635 shares during the last quarter. Bank of America Corp DE boosted its position in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the period. AdvisorShares Investments LLC boosted its position in Travelzoo by 29.5% during the second quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock worth $115,000 after purchasing an additional 2,068 shares during the period. Finally, American Century Companies Inc. grew its holdings in Travelzoo by 17.0% during the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 2,404 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TZOO. UBS Group set a $23.00 target price on shares of Travelzoo in a research note on Wednesday, November 19th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Ascendiant Capital Markets lowered their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Barrington Research cut their price target on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.67.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.