Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 2,000 Shares

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 2,000 shares of Travelzoo stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.54, for a total value of $27,080.00. Following the transaction, the insider now owns 4,243,696 shares of the company's stock, valued at $57,459,643.84. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 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 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 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 transaction of $248,085.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was 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 transaction 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 transaction of $333,750.00.
• On Monday, March 24th, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was sold at an average price of $14.33, for a total transaction of $465,725.00.
• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The shares were sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Stock Down 7.1%

Travelzoo stock traded down $0.98 during trading on Monday, hitting $12.86. The stock had a trading volume of 133,288 shares, compared to its average volume of 126,227. The stock's 50 day moving average is $13.15 and its two-hundred day moving average is $16.85. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The stock has a market cap of $142.68 million, a price-to-earnings ratio of 12.02 and a beta of 1.21.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings results 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). Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The firm had revenue of $23.14 million for the quarter, compared to analysts' expectations of $22.99 million. As a group, equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TZOO. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday. Finally, Barrington Research restated an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a research report on Tuesday, April 29th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $25.67.

Hedge Funds Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in shares of Travelzoo by 63.6% during the 1st 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. Goldman Sachs Group Inc. raised its holdings in Travelzoo by 60.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider's stock valued at $621,000 after acquiring an additional 17,146 shares during the period. Millennium Management LLC lifted 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 worth $4,213,000 after acquiring an additional 231,790 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Travelzoo during the first quarter worth $1,796,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Travelzoo in the first quarter worth $120,000. 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.