Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $1,036,800.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 60,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.28, for a total value of $1,036,800.00. Following the completion of the transaction, the insider now owns 4,577,696 shares in the company, valued at approximately $79,102,586.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 transaction of $960,225.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The shares were 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 value 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 stock was sold at an average price of $15.02, for a total value of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was sold at an average price of $12.99, for a total transaction of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total transaction of $220,800.00.

Travelzoo Trading Down 2.4 %

TZOO stock opened at $18.69 on Thursday. The stock has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $10.86. Travelzoo has a 1 year low of $7.12 and a 1 year high of $19.47. The stock has a market cap of $220.54 million, a PE ratio of 17.47 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same period last year, the company earned $0.16 earnings per share. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its Board of Directors has approved a stock buyback program on Wednesday, October 23rd that allows the company to buyback 1,000,000 shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently commented on TZOO. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Barrington Research increased their price target on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Litchfield Hills Research started coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Ascendiant Capital Markets boosted their price objective on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. acquired a new position in shares of Travelzoo during the 2nd quarter worth about $82,000. Ritholtz Wealth Management bought a new stake in Travelzoo during the second quarter worth about $82,000. Fermata Advisors LLC bought a new position in Travelzoo in the second quarter valued at approximately $101,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Travelzoo during the 1st quarter worth approximately $132,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Travelzoo by 73.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock worth $358,000 after purchasing an additional 20,019 shares in the last quarter. 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.