Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 20,000 Shares

Key Points

• Azzurro Capital Inc sold 20,000 shares of Travelzoo at an average price of $10.51, potentially indicating a decrease in confidence as they now own 3,817,696 shares valued at approximately $40.12 million.
• Travelzoo's stock price fell by 3.3% to $10.12, as the company has reported lower-than-expected earnings per share of $0.12, missing analysts’ estimates.
• Institutional investors are increasing their stakes in Travelzoo, with significant boosts from firms like Millennium Management LLC, which grew its holdings by 299.8%.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00. Following the transaction, the insider directly owned 3,817,696 shares in the company, valued at $40,123,984.96. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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 Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $10.48, for a total transaction of $78,600.00.
• On Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $9.53, for a total transaction of $190,600.00.
• 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 transaction 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 transaction 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 transaction 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 transaction of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The stock was 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 shares were 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 value 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.

Travelzoo Trading Down 3.3%

NASDAQ:TZOO traded down $0.34 on Thursday, reaching $10.12. 87,830 shares of the stock traded hands, compared to its average volume of 133,294. The company has a market capitalization of $111.13 million, a price-to-earnings ratio of 11.37 and a beta of 1.01. Travelzoo has a 12 month low of $9.20 and a 12 month high of $24.85. The company's fifty day simple moving average is $10.23 and its 200 day simple moving average is $12.21.

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 for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). The firm had revenue of $23.91 million for the quarter, compared to the consensus estimate of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. Equities analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Trading of Travelzoo

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Travelzoo by 299.8% in the first 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 last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Travelzoo by 24.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 180,912 shares of the information services provider's stock valued at $2,466,000 after purchasing an additional 35,075 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock worth $2,002,000 after acquiring an additional 83,719 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Travelzoo in the 1st quarter valued at approximately $1,796,000. Finally, Man Group plc grew its holdings in shares of Travelzoo by 26.3% during the 2nd quarter. Man Group plc now owns 74,179 shares of the information services provider's stock worth $944,000 after purchasing an additional 15,468 shares during the period. 27.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Travelzoo from a "strong sell" rating to a "hold" rating in a report on Monday. Wall Street Zen downgraded shares of Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Ascendiant Capital Markets raised 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. Finally, Barrington Research reissued an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Travelzoo currently has a consensus rating of "Moderate Buy" and an average 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.

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