Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 20,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the completion of the sale, the insider now owns 4,442,696 shares of the company’s stock, valued at approximately $87,076,841.60. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major 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 stock was sold at an average price of $18.29, for a total transaction of $960,225.00.
• On Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $17.28, for a total transaction of $1,036,800.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The stock was 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 shares were 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.

Travelzoo Stock Performance

NASDAQ:TZOO opened at $19.72 on Friday. The company has a market capitalization of $232.77 million, a price-to-earnings ratio of 18.43 and a beta of 1.71. The company has a 50-day moving average of $18.64 and a 200-day moving average of $13.40. Travelzoo has a 52 week low of $7.12 and a 52 week high of $22.44.

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

Travelzoo announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on TZOO. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Barrington Research boosted their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Ascendiant Capital Markets increased their target price on shares of Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Litchfield Hills Research assumed coverage on Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock.

Institutional Trading of Travelzoo

Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Travelzoo in the 3rd quarter valued at $35,000. American Century Companies Inc. bought a new position in Travelzoo during the 2nd quarter valued at about $82,000. Ritholtz Wealth Management bought a new position in Travelzoo during the 2nd quarter valued at about $82,000. Quadrature Capital Ltd acquired a new position in Travelzoo in the third quarter valued at about $134,000. Finally, Barclays PLC bought a new stake in Travelzoo during the third quarter worth about $138,000. 27.39% of the stock is currently owned by institutional investors.

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.