Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $1,036,800.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 60,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.28, for a total transaction of $1,036,800.00. Following the transaction, the insider now directly owns 4,577,696 shares of the company’s stock, valued at $79,102,586.88. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 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, November 11th, Azzurro Capital Inc sold 52,500 shares of Travelzoo stock. The shares were sold at an average price of $18.29, for a total value of $960,225.00.
• 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 value of $477,950.00.
• On Monday, October 28th, Azzurro Capital Inc sold 42,500 shares of Travelzoo stock. The shares were sold at an average price of $17.39, for a total value of $739,075.00.
• On Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The stock was sold at an average price of $15.39, for a total transaction of $461,700.00.
• On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was sold at an average price of $12.99, for a total value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $14.72, for a total transaction of $220,800.00.

Travelzoo Trading Down 1.4 %

NASDAQ:TZOO opened at $18.42 on Friday. The stock has a market capitalization of $217.36 million, a PE ratio of 17.21 and a beta of 1.69. The firm has a fifty day simple moving average of $14.40 and a 200 day simple moving average of $10.92. Travelzoo has a 1-year low of $7.12 and a 1-year high of $19.47.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, equities analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its board has authorized a stock buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Travelzoo

Several institutional investors and hedge funds have recently bought and sold shares of TZOO. Acadian Asset Management LLC raised its position in shares of Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after buying an additional 47,352 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Travelzoo by 169.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after purchasing an additional 79,990 shares in the last quarter. ClariVest Asset Management LLC raised its position in Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after purchasing an additional 2,732 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares during the last quarter. Finally, Fermata Advisors LLC acquired a new stake in shares of Travelzoo in the 2nd quarter valued at $101,000. Institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

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

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.