Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $465,725.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 32,500 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $14.33, for a total value of $465,725.00. Following the completion of the transaction, the insider now owns 4,322,696 shares of the company’s stock, valued at $61,944,233.68. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 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 Performance

Travelzoo stock opened at $14.13 on Friday. The company has a market capitalization of $158.89 million, a PE ratio of 13.21 and a beta of 1.69. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The firm has a 50 day moving average price of $17.79 and a 200 day moving average price of $17.31.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The business had revenue of $20.68 million during the quarter, compared to analysts’ expectations of $22.06 million. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, equities research analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reduced their price objective on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in shares of Travelzoo during the fourth quarter worth about $30,000. American Century Companies Inc. lifted its holdings in Travelzoo by 21.3% during the 4th quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider’s stock worth $282,000 after buying an additional 2,483 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Travelzoo in the 3rd quarter valued at approximately $35,000. Northern Trust Corp grew its stake in shares of Travelzoo by 12.1% in the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider’s stock worth $552,000 after acquiring an additional 2,995 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth $87,000. 27.39% of the stock is owned by institutional investors and hedge funds.

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.