Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $465,725.00 in Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 32,500 shares of the stock in a transaction 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 transaction, the insider now owns 4,322,696 shares of the company's stock, valued at $61,944,233.68. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The shares were sold at an average price of $15.26, for a total transaction of $610,400.00.

Travelzoo Stock Down 3.6 %

TZOO traded down $0.51 during trading on Friday, hitting $13.62. The company's stock had a trading volume of 82,168 shares, compared to its average volume of 121,624. The stock has a market capitalization of $153.16 million, a price-to-earnings ratio of 12.73 and a beta of 1.69. The firm's 50 day moving average price is $17.64 and its two-hundred day moving average price is $17.36. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The business had revenue of $20.68 million during the quarter, compared to analysts' expectations of $22.06 million. During the same period in the previous year, the business posted $0.23 earnings per share. On average, sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research cut their price target on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th.

Institutional Trading of Travelzoo

Several hedge funds have recently modified their holdings of TZOO. Ancora Advisors LLC bought a new position in Travelzoo in the 4th quarter worth approximately $30,000. American Century Companies Inc. raised its position in shares of Travelzoo by 21.3% during the fourth quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider's stock worth $282,000 after acquiring an additional 2,483 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Travelzoo during the third quarter valued at $35,000. Northern Trust Corp boosted its holdings in Travelzoo by 12.1% in the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock valued at $552,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Travelzoo in the fourth quarter worth about $87,000. 27.39% of the stock is owned by 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.