Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 7,500 Shares

Key Points

• Azzurro Capital Inc sold 7,500 shares of Travelzoo (NASDAQ:TZOO) for an average price of $11.08, totaling $83,100, reducing their ownership by 0.18% to 4,055,196 shares.
• Travelzoo's stock recently traded at $10.15, reflecting a 0.3% decline, with a one-year price range between $9.16 and $24.85.
• Analysts maintain a positive outlook on Travelzoo, with five ratings indicating a buy and an average target price of $25.67 for the stock.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 7,500 shares of Travelzoo stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $11.08, for a total value of $83,100.00. Following the sale, the insider directly owned 4,055,196 shares in the company, valued at $44,931,571.68. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% 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 Tuesday, July 29th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $10.35, for a total value of $103,500.00.
• 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.
• 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 stock was 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 stock was 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.

Travelzoo Trading Down 5.2%

TZOO traded down $0.52 during trading on Friday, hitting $9.47. The company's stock had a trading volume of 211,823 shares, compared to its average volume of 164,066. Travelzoo has a twelve month low of $9.16 and a twelve month high of $24.85. The business's fifty day simple moving average is $12.71 and its 200 day simple moving average is $14.65. The firm has a market capitalization of $105.12 million, a price-to-earnings ratio of 10.64 and a beta of 1.11.

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 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 analysts' expectations of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 566.64%. As a group, equities research analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Ascendiant Capital Markets increased their price target on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Barrington Research restated 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 Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.67.

Hedge Funds Weigh In On Travelzoo

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Travelzoo by 352.5% during the fourth quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock worth $1,142,000 after buying an additional 44,578 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Travelzoo in the 4th quarter valued at $2,102,000. Renaissance Technologies LLC raised its holdings in shares of Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock valued at $14,168,000 after buying an additional 107,681 shares during the period. Tidal Investments LLC acquired a new position in Travelzoo during the 4th quarter worth $710,000. Finally, Northern Trust Corp boosted its position in shares of Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock valued at $552,000 after purchasing an additional 2,995 shares during the period. Hedge funds and other institutional investors own 27.39% of the company's stock.

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.