Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 32,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 32,500 shares of the business’s 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 sale, the insider now owns 4,322,696 shares of the company’s stock, valued at approximately $61,944,233.68. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more 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 Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Price Performance

TZOO opened at $13.62 on Friday. The company’s 50 day simple moving average is $17.64 and its two-hundred day simple moving average is $17.32. The firm has a market capitalization of $153.16 million, a price-to-earnings ratio of 12.73 and a beta of 1.69. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.68 million for the quarter, compared to analyst estimates of $22.06 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barrington Research decreased their price objective on 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

A number of institutional investors have recently bought and sold shares of TZOO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Travelzoo in the 3rd quarter valued at approximately $35,000. Quadrature Capital Ltd acquired a new stake in Travelzoo during the third quarter worth $134,000. Jane Street Group LLC purchased a new stake in Travelzoo in the third quarter valued at $298,000. XTX Topco Ltd lifted its stake in shares of Travelzoo by 103.5% in the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock valued at $305,000 after purchasing an additional 12,854 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Travelzoo in the 3rd quarter valued at $138,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.