Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $190,600.00 in Stock

Key Points

• Azzurro Capital Inc. sold 20,000 shares of Travelzoo stock at an average price of $9.53, totaling approximately $190,600, reducing their stake by 0.52%.
• Travelzoo's stock price has seen fluctuations, currently trading at $9.76 with a market cap of $107.16 million and a notable earnings miss, reporting $0.12 EPS compared to the consensus estimate of $0.23.
• Analysts maintain a mixed outlook on Travelzoo, with three analysts rating it a "Buy" and an average price target of $21.50, while some have recently downgraded their ratings.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $9.53, for a total transaction of $190,600.00. Following the completion of the transaction, the insider directly owned 3,845,196 shares of the company's stock, valued at approximately $36,644,717.88. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 Thursday, September 11th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $9.58, for a total value of $143,700.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $9.95, for a total value of $49,750.00.
• On Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $9.94, for a total value of $74,550.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.04, for a total value of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $9.55, for a total transaction of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total transaction of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $10.14, for a total transaction of $202,800.00.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The stock was 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 stock was 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.

Travelzoo Stock Performance

Shares of Travelzoo stock traded down $0.10 during midday trading on Friday, hitting $10.21. The company had a trading volume of 224,553 shares, compared to its average volume of 99,998. Travelzoo has a 52-week low of $9.20 and a 52-week high of $24.85. The stock has a market capitalization of $112.11 million, a P/E ratio of 11.47 and a beta of 1.01. The company has a 50 day moving average of $10.38 and a 200 day moving average of $12.28.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS 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 the consensus estimate of $23.51 million. Equities research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Travelzoo

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after purchasing an additional 2,995 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Travelzoo during the fourth quarter valued at approximately $205,000. Lazard Asset Management LLC purchased a new position in Travelzoo during the 4th quarter valued at approximately $87,000. Millennium Management LLC raised its holdings in shares of Travelzoo by 528.4% during the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider's stock worth $1,542,000 after acquiring an additional 65,004 shares in the last quarter. Finally, Man Group plc bought a new position in shares of Travelzoo during the 4th quarter valued at approximately $475,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TZOO has been the topic of a number of recent analyst reports. Ascendiant Capital Markets increased their price target on shares of Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Barrington Research reiterated an "outperform" rating and set a $17.00 target price 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, August 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Travelzoo currently has a consensus rating of "Buy" and a consensus price target of $21.50.

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.