Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 52,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of Travelzoo stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $18.29, for a total value of $960,225.00. Following the sale, the insider now directly owns 4,492,696 shares in the company, valued at $82,171,409.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $17.28, for a total value of $1,036,800.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The shares were 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 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 value of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was 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 shares were 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 Price Performance

TZOO opened at $18.69 on Thursday. The stock has a market capitalization of $220.54 million, a P/E ratio of 17.47 and a beta of 1.69. The company’s 50 day simple moving average is $14.26 and its 200-day simple moving average is $10.86. Travelzoo has a one year low of $7.12 and a one year high of $19.47.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm 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 EPS. As a group, analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its Board of Directors 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 repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. grew its position in shares of Travelzoo by 169.5% during the 3rd 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. Acadian Asset Management LLC grew its holdings in Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after acquiring an additional 47,352 shares during the period. Ritholtz Wealth Management raised its position in shares of Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after acquiring an additional 23,599 shares during the last quarter. Fermata Advisors LLC acquired a new position in shares of Travelzoo in the 2nd quarter valued at $101,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Travelzoo in the 1st quarter worth $132,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TZOO has been the subject of several analyst reports. Ascendiant Capital Markets lifted their price target on shares of Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday. Litchfield Hills Research began coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price for the company. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Barrington Research boosted their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

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.