Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 25,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $10.06, for a total transaction of $251,500.00. Following the transaction, the insider owned 3,792,696 shares of the company’s stock, valued at approximately $38,154,521.76. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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 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 stock was 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 transaction 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 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 stock was 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 stock was sold at an average price of $10.51, for a total transaction of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.14, for a total transaction of $202,800.00.

Travelzoo Trading Down 0.1%

TZOO traded down $0.01 during trading on Monday, reaching $10.00. 58,516 shares of the company’s stock were exchanged, compared to its average volume of 132,649. Travelzoo has a one year low of $9.20 and a one year high of $24.85. The stock has a market capitalization of $109.80 million, a PE ratio of 11.24 and a beta of 1.01. The firm has a fifty day moving average price of $10.12 and a two-hundred day moving average price of $12.13.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%.The business had revenue of $23.91 million for the quarter, compared to the consensus estimate of $23.51 million. Sell-side analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake 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 acquiring an additional 1,668 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,988 shares in the last quarter. AdvisorShares Investments LLC lifted its stake in shares of Travelzoo by 29.5% in the second quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock valued at $115,000 after buying an additional 2,068 shares in the last quarter. US Bancorp DE bought a new position in shares of Travelzoo in the first quarter valued at $31,000. Finally, American Century Companies Inc. lifted its stake 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 in the last quarter. 27.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Travelzoo in a research report on Thursday, July 24th. Wall Street Zen cut shares of Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

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.