Azzurro Capital Inc Sells 22,500 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $13.81, for a total value of $310,725.00. Following the transaction, the insider now directly owns 4,202,696 shares in the company, valued at approximately $58,039,231.76. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $12.73, for a total value of $63,650.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.54, for a total value of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.91, for a total value of $27,820.00.
• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $14.43, for a total value of $36,075.00.
• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $13.35, for a total value of $333,750.00.
• On Monday, March 24th, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $14.33, for a total value of $465,725.00.
• 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 value of $610,400.00.

Travelzoo Stock Down 1.3%

Shares of TZOO opened at $13.31 on Thursday. The business has a 50-day simple moving average of $13.13 and a two-hundred day simple moving average of $16.80. The stock has a market cap of $147.67 million, a price-to-earnings ratio of 12.44 and a beta of 1.17. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $23.14 million during the quarter, compared to analysts’ expectations of $22.99 million. On average, equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Travelzoo

Several institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of Travelzoo by 17.9% during the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after purchasing an additional 107,681 shares in the last quarter. Millennium Management LLC grew its position in shares of Travelzoo by 299.8% during the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after purchasing an additional 231,790 shares in the last quarter. Truffle Hound Capital LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth about $3,990,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Travelzoo by 24.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 180,912 shares of the information services provider’s stock worth $2,466,000 after purchasing an additional 35,075 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Travelzoo during the first quarter worth about $1,796,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TZOO shares. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Travelzoo in a report on Tuesday, April 29th. Noble Financial reissued an “outperform” rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Ascendiant Capital Markets increased their target price on Travelzoo from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $25.67.

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.