Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 10,000 Shares

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 10,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $12.59, for a total value of $125,900.00. Following the completion of the transaction, the insider now owns 4,152,696 shares of the company's stock, valued at $52,282,442.64. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $12.42, for a total value of $31,050.00.
• On Monday, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $12.73, for a total value of $63,650.00.
• On Friday, May 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $13.81, for a total value of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.54, for a total value of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.91, for a total value of $27,820.00.
• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $14.43, for a total value of $36,075.00.
• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $13.35, for a total value of $333,750.00.

Travelzoo Stock Up 3.4%

Shares of NASDAQ TZOO traded up $0.44 on Thursday, hitting $13.20. The company had a trading volume of 112,531 shares, compared to its average volume of 127,790. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The business has a 50 day moving average of $13.33 and a two-hundred day moving average of $16.07. The firm has a market capitalization of $146.52 million, a P/E ratio of 13.20 and a beta of 1.17.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a return on equity of 434.15% and a net margin of 14.51%. The company had revenue of $23.14 million during the quarter, compared to analysts' expectations of $22.99 million. On average, sell-side analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TZOO shares. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Ascendiant Capital Markets boosted their price target on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Barrington Research reissued an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a research report on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Travelzoo presently has an average rating of "Buy" and a consensus price target of $25.67.

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently bought and sold shares of TZOO. Millennium Management LLC boosted its stake in shares of Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock valued at $4,213,000 after buying an additional 231,790 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Travelzoo in the fourth quarter worth $3,990,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Travelzoo in the first quarter worth $1,796,000. Renaissance Technologies LLC increased its stake in shares of Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after buying an additional 107,681 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Travelzoo in the fourth quarter worth $2,102,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

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.