Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 11,000 Shares

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 11,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $12.81, for a total value of $140,910.00. Following the completion of the transaction, the insider now owns 4,139,196 shares of the company's stock, valued at $53,023,100.76. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

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

• 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 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 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.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were 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 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 transaction of $27,820.00.
• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $14.43, for a total value of $36,075.00.
• On Monday, March 31st, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $13.35, for a total value of $333,750.00.

Travelzoo Trading Up 1.1%

Shares of Travelzoo stock traded up $0.15 during trading hours on Friday, reaching $13.35. 994,189 shares of the company's stock were exchanged, compared to its average volume of 131,245. The firm has a market capitalization of $148.19 million, a price-to-earnings ratio of 13.35 and a beta of 1.17. The company has a fifty day moving average of $13.33 and a 200-day moving average of $16.07. Travelzoo has a 52-week low of $7.12 and a 52-week high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a net margin of 14.51% and a return on equity of 434.15%. On average, equities research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on TZOO shares. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a report on Tuesday, April 29th. Finally, Ascendiant Capital Markets upped their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Travelzoo has a consensus rating of "Buy" and an average target price of $25.67.

Institutional Investors Weigh In On Travelzoo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Travelzoo by 60.4% during the first quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider's stock valued at $621,000 after buying an additional 17,146 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Travelzoo by 63.6% in the first quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider's stock valued at $392,000 after buying an additional 11,189 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock valued at $4,213,000 after buying an additional 231,790 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Travelzoo during the 1st quarter worth approximately $1,796,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Travelzoo in the first quarter valued at approximately $120,000. 27.39% of the stock is currently 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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