Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 10,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.75, for a total transaction of $77,500.00. Following the sale, the insider directly owned 3,782,696 shares in the company, valued at approximately $29,315,894. The trade was a 0.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, September 26th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $10.06, for a total value of $251,500.00.
• On Wednesday, September 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total value of $210,200.00.
• On Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $10.48, for a total value of $78,600.00.
• On Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $9.53, for a total value of $190,600.00.
• On Thursday, September 11th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $9.58, for a total transaction of $143,700.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $9.95, for a total transaction of $49,750.00.
• On Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $9.94, for a total transaction of $74,550.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.04, for a total transaction of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was sold at an average price of $9.55, for a total transaction of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total value of $38,887.00.

Travelzoo Price Performance

Shares of TZOO opened at $7.50 on Friday. The business has a 50-day moving average of $9.61 and a 200-day moving average of $11.43. The company has a market capitalization of $82.36 million, a price-to-earnings ratio of 11.72 and a beta of 0.98. Travelzoo has a 1 year low of $7.41 and a 1 year high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Travelzoo had a return on equity of 2,072.58% and a net margin of 8.66%.The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $22.92 million. As a group, sell-side analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Barrington Research reduced their target price on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen lowered Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Institutional Trading of Travelzoo

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in 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 during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Travelzoo during the 1st quarter worth approximately $1,796,000. Geode Capital Management LLC boosted its stake in shares of Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after buying an additional 83,719 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Travelzoo in the 2nd quarter worth approximately $702,000. Finally, Marshall Wace LLP purchased a new stake in shares of Travelzoo during the second quarter valued at approximately $504,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.