Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $202,800.00 in Stock

Key Points

• Azzurro Capital Inc sold 20,000 shares of Travelzoo stock at an average price of $10.14, totaling $202,800, decreasing their ownership by 0.50% to 3,971,396 shares.
• Travelzoo's shares traded down 3.0% to $10.13, with a 12-month trading range between a low of $9.41 and a high of $24.85.
• Travelzoo reported an earnings per share (EPS) of $0.12 for the latest quarter, missing estimates by $0.11, while also announcing total revenue of $23.91 million.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 20,000 shares of Travelzoo stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.14, for a total value of $202,800.00. Following the transaction, the insider owned 3,971,396 shares of the company's stock, valued at $40,269,955.44. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total transaction of $38,887.00.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The shares were sold at an average price of $9.59, for a total transaction of $60,417.00.
• 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 transaction of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were 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 stock was 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 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 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 transaction of $310,725.00.

Travelzoo Stock Performance

Shares of Travelzoo stock traded up $0.01 on Tuesday, reaching $9.97. 8,126 shares of the company were exchanged, compared to its average volume of 136,564. The firm has a market cap of $109.47 million, a price-to-earnings ratio of 11.13 and a beta of 1.11. Travelzoo has a 1-year low of $9.41 and a 1-year high of $24.85. The company's 50-day moving average is $11.97 and its two-hundred day moving average is $13.82.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued 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). Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%. The company had revenue of $23.91 million during the quarter, compared to analyst estimates of $23.51 million. As a group, sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on TZOO shares. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Barrington Research restated an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. Ascendiant Capital Markets lifted their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Noble Financial reissued an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $25.67.

Institutional Trading of Travelzoo

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Travelzoo by 352.5% during the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock valued at $1,142,000 after acquiring an additional 44,578 shares in the last quarter. Wells Fargo & Company MN bought a new stake in shares of Travelzoo during the fourth quarter valued at about $158,000. Cerity Partners LLC acquired a new stake in Travelzoo in the fourth quarter worth about $671,000. Raymond James Financial Inc. acquired a new position in Travelzoo during the 4th quarter valued at about $1,505,000. Finally, Marshall Wace LLP bought a new stake in shares of Travelzoo during the 4th quarter worth about $680,000. 27.39% of the stock is currently owned by institutional investors.

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.