Azzurro Capital Inc Sells 10,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 10,000 shares of the firm's stock in a transaction dated 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 directly owns 4,152,696 shares in the company, valued at $52,282,442.64. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 stock was 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 Performance

Shares of TZOO traded up $0.03 during mid-day trading on Monday, reaching $12.27. 93,358 shares of the company's stock traded hands, compared to its average volume of 127,446. The business's 50-day moving average price is $13.27 and its 200-day moving average price is $16.21. The stock has a market capitalization of $136.20 million, a P/E ratio of 12.27 and a beta of 1.17. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85.

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

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in Travelzoo during the fourth quarter worth approximately $30,000. 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 during the first quarter worth approximately $31,000. American Century Companies Inc. raised its holdings in Travelzoo by 17.0% during the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider's stock worth $226,000 after purchasing an additional 2,404 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Travelzoo by 12.1% during the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after purchasing an additional 2,995 shares in the last quarter. Institutional investors own 27.39% of the company's stock.

Wall Street Analyst Weigh In

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.