Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 5,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $7.53, for a total value of $37,650.00. Following the sale, the insider owned 3,777,696 shares in the company, valued at approximately $28,446,050.88. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Tuesday, November 4th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $7.75, for a total transaction of $77,500.00.
• On Friday, September 26th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The stock was sold at an average price of $10.06, for a total transaction of $251,500.00.
• On Wednesday, September 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00.
• On Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $10.48, for a total transaction 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 value of $143,700.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $9.95, for a total value of $49,750.00.
• On Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was 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 value of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $9.55, for a total value of $310,375.00.

Travelzoo Stock Performance

Shares of Travelzoo stock traded down $0.19 during midday trading on Friday, hitting $7.23. 38,965 shares of the company traded hands, compared to its average volume of 134,396. Travelzoo has a 12 month low of $7.17 and a 12 month high of $24.85. The firm’s fifty day moving average price is $9.40 and its 200-day moving average price is $11.24. The stock has a market cap of $79.39 million, a price-to-earnings ratio of 11.27 and a beta of 0.98.

Travelzoo (NASDAQ:TZOO) last released its 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 net margin of 8.66% and a return on equity of 2,072.58%. The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. Equities research analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Travelzoo by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider’s stock worth $914,000 after purchasing an additional 1,668 shares in the last quarter. US Bancorp DE bought a new stake in Travelzoo in the first quarter valued at approximately $31,000. Koss Olinger Consulting LLC acquired a new stake in Travelzoo in the 1st quarter valued at $448,000. American Century Companies Inc. lifted its position in shares of Travelzoo by 17.0% in the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider’s stock valued at $226,000 after buying an additional 2,404 shares during the last quarter. Finally, Truvestments Capital LLC increased its position in Travelzoo by 3,732.3% during the first quarter. Truvestments Capital LLC now owns 37,288 shares of the information services provider’s stock worth $508,000 after acquiring an additional 36,315 shares during the period. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TZOO has been the subject of several analyst reports. Ascendiant Capital Markets upped their price target on shares of Travelzoo from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered Travelzoo from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Barrington Research cut their target price on Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Travelzoo presently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

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.