Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 20,000 Shares of Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 20,000 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $19.60, for a total transaction of $392,000.00. Following the transaction, the insider now owns 4,442,696 shares in the company, valued at approximately $87,076,841.60. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's shares 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 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 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 shares were sold at an average price of $15.02, for a total transaction of $150,200.00.

Travelzoo Stock Up 6.4 %

NASDAQ:TZOO traded up $1.33 during trading hours on Thursday, hitting $22.12. 154,204 shares of the company's stock traded hands, compared to its average volume of 112,257. Travelzoo has a 52 week low of $7.12 and a 52 week high of $22.44. The firm has a market cap of $261.10 million, a P/E ratio of 20.67 and a beta of 1.71. The business's fifty day simple moving average is $18.50 and its two-hundred day simple moving average is $13.31.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results 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 company had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the previous year, the business earned $0.16 earnings per share. On average, analysts expect that Travelzoo will post 1.09 EPS for the current year.

Travelzoo declared that its Board of Directors has approved a share repurchase program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Travelzoo

Hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its stake in 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 in the last quarter. Jane Street Group LLC bought a new position in Travelzoo in the third quarter valued at about $298,000. Ritholtz Wealth Management boosted its position in Travelzoo by 217.4% in 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. Virtu Financial LLC bought a new stake in shares of Travelzoo during the 3rd quarter valued at about $173,000. Finally, XTX Topco Ltd increased its position in shares of Travelzoo by 103.5% during 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. 27.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TZOO. Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $18.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Litchfield Hills Research started coverage on Travelzoo in a research note on Wednesday, September 4th. They set a "buy" rating and a $35.00 price objective on the stock. Barrington Research raised their target price on Travelzoo from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of 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.