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 the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $11.08, for a total transaction of $83,100.00. Following the transaction, the insider directly owned 4,055,196 shares of the company's stock, valued at approximately $44,931,571.68. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 transaction of $103,500.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The stock was 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 transaction of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The stock was sold at an average price of $12.42, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $27,820.00.

Travelzoo Stock Performance

Shares of NASDAQ TZOO traded down $0.36 during mid-day trading on Friday, reaching $9.63. The company's stock had a trading volume of 95,755 shares, compared to its average volume of 138,958. The stock has a 50-day moving average of $12.77 and a two-hundred day moving average of $14.76. The stock has a market capitalization of $106.83 million, a P/E ratio of 10.81 and a beta of 1.13. Travelzoo has a 1-year low of $9.16 and a 1-year high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.11). Travelzoo had a return on equity of 566.64% and a net margin of 12.32%. The firm had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. Analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

A number of institutional investors have recently made changes to their positions in TZOO. Millennium Management LLC increased its position in shares of Travelzoo by 299.8% during the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock valued at $4,213,000 after acquiring an additional 231,790 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Travelzoo in the first quarter valued at approximately $1,796,000. Renaissance Technologies LLC boosted 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 valued at $14,168,000 after purchasing an additional 107,681 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Travelzoo in the fourth quarter valued at approximately $2,102,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Travelzoo in the fourth quarter valued at approximately $1,505,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Ascendiant Capital Markets upped their price target on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Barrington Research reiterated an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Travelzoo presently has an average rating of "Buy" and an average price target of $25.67.

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.