Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $610,400.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the transaction, the insider now owns 4,382,696 shares in the company, valued at approximately $66,879,940.96. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $19.60, for a total transaction of $392,000.00.

Travelzoo Stock Performance

Travelzoo stock opened at $13.96 on Friday. Travelzoo has a one year low of $7.12 and a one year high of $24.85. The stock’s 50 day moving average price is $19.14 and its 200 day moving average price is $17.16. The firm has a market capitalization of $164.78 million, a PE ratio of 13.05 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $20.68 million during the quarter, compared to the consensus estimate of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barrington Research decreased their price target on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

Institutional Trading of Travelzoo

Large investors have recently modified their holdings of the business. Truffle Hound Capital LLC acquired a new position in shares of Travelzoo in the fourth quarter worth about $3,990,000. Renaissance Technologies LLC increased its holdings in Travelzoo by 17.9% during the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Travelzoo in the 4th quarter valued at approximately $2,102,000. Raymond James Financial Inc. purchased a new position in shares of Travelzoo during the 4th quarter valued at approximately $1,505,000. Finally, Millennium Management LLC grew its position in shares of Travelzoo by 528.4% during the fourth quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock worth $1,542,000 after buying an additional 65,004 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors and hedge funds.

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.