Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $392,000.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the completion of the sale, the insider now directly owns 4,442,696 shares in the company, valued at approximately $87,076,841.60. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 transaction of $960,225.00.
• On Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The shares were sold at an average price of $17.28, for a total transaction of $1,036,800.00.
• 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 transaction 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 transaction 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.

Travelzoo Stock Down 10.8 %

Shares of NASDAQ:TZOO opened at $19.72 on Friday. The stock has a market capitalization of $232.77 million, a PE ratio of 18.43 and a beta of 1.71. The firm’s 50 day moving average price is $18.64 and its 200-day moving average price is $13.40. Travelzoo has a twelve month low of $7.12 and a twelve month high of $22.44.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $20.10 million for the quarter, compared to the consensus estimate of $21.15 million. During the same period last year, the firm earned $0.16 earnings per share. Analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barrington Research lifted their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Litchfield Hills Research started coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective for the company. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Ascendiant Capital Markets increased their price target on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th.

Institutional Trading of Travelzoo

Several hedge funds have recently bought and sold shares of TZOO. Hennion & Walsh Asset Management Inc. raised its stake in shares of Travelzoo by 169.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the period. ClariVest Asset Management LLC increased its holdings in Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after acquiring an additional 2,732 shares in the last quarter. Geode Capital Management LLC raised its stake in Travelzoo by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after acquiring an additional 7,857 shares during the period. Ritholtz Wealth Management lifted its holdings in Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after purchasing an additional 23,599 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Travelzoo by 103.5% in the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock worth $305,000 after purchasing an additional 12,854 shares during the period. 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.