Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 32,500 Shares

Key Points

• Azzurro Capital Inc sold 32,500 shares of Travelzoo (NASDAQ:TZOO) at an average price of $9.55, totaling $310,375, resulting in a 0.82% decrease in their position.
• Travelzoo's shares declined by 4.2%, trading at $9.69, while the company reported a Q2 earnings miss with earnings per share of $0.12, below the consensus estimate of $0.23.
• Investment firms like Millennium Management LLC have significantly increased their stakes in Travelzoo, with over 27.39% of the stock now owned by institutional investors.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 32,500 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $9.55, for a total transaction of $310,375.00. Following the transaction, the insider directly owned 3,935,196 shares in the company, valued at approximately $37,581,121.80. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• 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 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.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The stock was sold at an average price of $9.59, for a total value of $60,417.00.
• On Tuesday, July 29th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $10.35, for a total value of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $11.08, for a total value of $83,100.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The shares were sold at an average price of $13.15, for a total value of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The shares were sold at an average price of $12.81, for a total value of $140,910.00.
• 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 Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.59, for a total value of $125,900.00.

Travelzoo Price Performance

Shares of Travelzoo stock traded up $0.03 during trading hours on Friday, hitting $9.81. 108,569 shares of the company's stock traded hands, compared to its average volume of 110,874. Travelzoo has a 12-month low of $9.37 and a 12-month high of $24.85. The stock has a market capitalization of $107.71 million, a price-to-earnings ratio of 11.02 and a beta of 1.11. The company has a fifty day simple moving average of $11.43 and a 200-day simple moving average of $13.18.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). The firm had revenue of $23.91 million during the quarter, compared to analysts' expectations of $23.51 million. Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%. On average, analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in Travelzoo in the fourth quarter worth $30,000. Bank of New York Mellon Corp boosted its holdings in Travelzoo by 2.6% in 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 boosted its holdings in 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 worth $27,000 after acquiring an additional 1,988 shares in the last quarter. AdvisorShares Investments LLC boosted its holdings in Travelzoo by 29.5% in the second quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider's stock worth $115,000 after acquiring an additional 2,068 shares in the last quarter. Finally, US Bancorp DE bought a new stake in Travelzoo in the first quarter worth $31,000. Institutional investors own 27.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Ascendiant Capital Markets lifted their target price on shares of Travelzoo from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday. Barrington Research reiterated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $26.00.

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.