Travelzoo (TZOO) Major Shareholder Azzurro Capital Inc Sells 95,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 95,000 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $14.94, for a total transaction of $1,419,300.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 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 Wednesday, May 2nd, Azzurro Capital Inc sold 13,964 shares of Travelzoo stock. The stock was sold at an average price of $13.10, for a total transaction of $182,928.40.
  • On Friday, May 4th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00.
  • On Friday, April 27th, Azzurro Capital Inc sold 160,500 shares of Travelzoo stock. The stock was sold at an average price of $10.26, for a total transaction of $1,646,730.00.
  • On Thursday, February 15th, Azzurro Capital Inc sold 42,196 shares of Travelzoo stock. The stock was sold at an average price of $7.07, for a total transaction of $298,325.72.

NASDAQ TZOO opened at $16.00 on Friday. The stock has a market cap of $188.79 million, a P/E ratio of 72.14 and a beta of 0.71. Travelzoo has a 52-week low of $15.90 and a 52-week high of $16.27.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Friday, April 27th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.14. The firm had revenue of $30.88 million during the quarter. Travelzoo had a net margin of 3.02% and a return on equity of 19.11%. During the same period in the prior year, the company earned $0.07 earnings per share.

Travelzoo declared that its board has initiated a stock repurchase program on Monday, March 5th that permits the company to buyback 500,000 shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Separately, ValuEngine upgraded shares of Travelzoo from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st.

A hedge fund recently raised its stake in Travelzoo stock. Financial & Investment Management Group Ltd. increased its position in shares of Travelzoo (NASDAQ:TZOO) by 112.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,252 shares of the information services provider’s stock after purchasing an additional 12,826 shares during the period. Financial & Investment Management Group Ltd. owned approximately 0.19% of Travelzoo worth $156,000 as of its most recent SEC filing. 22.26% of the stock is owned by hedge funds and other institutional investors.

About Travelzoo

Travelzoo Inc, together with its subsidiaries, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. The company's publications and products include Travelzoo Websites; Travelzoo iPhone and Android applications; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

Insider Buying and Selling by Quarter for Travelzoo (NASDAQ:TZOO)

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