Azzurro Capital Inc Sells 32,500 Shares of Travelzoo (NASDAQ:TZOO) Stock

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 firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $9.55, for a total value of $310,375.00. Following the completion of the sale, the insider directly owned 3,935,196 shares of the company's stock, valued at approximately $37,581,121.80. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large 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 shares were 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 value 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 value 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 transaction 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 transaction of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The stock was 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 stock was sold at an average price of $12.59, for a total value of $125,900.00.

Travelzoo Trading Down 4.2%

Shares of NASDAQ:TZOO traded down $0.42 on Monday, hitting $9.69. The company had a trading volume of 135,726 shares, compared to its average volume of 137,008. Travelzoo has a 52-week low of $9.37 and a 52-week high of $24.85. The business has a 50 day moving average of $11.70 and a 200 day moving average of $13.51. The company has a market cap of $106.40 million, a PE ratio of 10.89 and a beta of 1.11.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TZOO shares. Ascendiant Capital Markets boosted their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research report on Thursday, July 24th. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $25.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Millennium Management LLC grew its stake in Travelzoo by 299.8% during the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock worth $4,213,000 after buying an additional 231,790 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Travelzoo by 24.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 180,912 shares of the information services provider's stock worth $2,466,000 after buying an additional 35,075 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock valued at $2,002,000 after acquiring an additional 83,719 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Travelzoo during the first quarter worth about $1,796,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Travelzoo in the fourth quarter worth about $1,505,000. 27.39% of the stock is owned by institutional investors and hedge funds.

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.

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