Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $60,417.00 in Stock

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 6,300 shares at an average price of $9.59, totaling approximately $60,417, which resulted in a 0.16% decrease in their ownership.
• Following recent sales, Azzurro Capital Inc now holds 3,991,396 shares of Travelzoo, valued at roughly $38.3 million.
• Despite a recent decline in share value, Travelzoo has a market cap of $109.56 million, with an average target price of $25.67 from analysts, indicating ongoing positive sentiment among some investors.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 6,300 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $9.59, for a total transaction of $60,417.00. Following the completion of the sale, the insider directly owned 3,991,396 shares in the company, valued at approximately $38,277,487.64. The trade was a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 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 value of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was 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 transaction 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 value of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $12.42, for a total transaction 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 stock was 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 shares were 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 stock was sold at an average price of $13.41, for a total value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.54, for a total transaction of $27,080.00.

Travelzoo Trading Down 2.8%

TZOO stock traded down $0.28 during mid-day trading on Friday, hitting $9.58. 99,522 shares of the company were exchanged, compared to its average volume of 176,934. Travelzoo has a 1-year low of $9.41 and a 1-year high of $24.85. The stock has a market capitalization of $106.34 million, a PE ratio of 10.76 and a beta of 1.11. The business has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $14.31.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly 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 566.64% and a net margin of 12.32%. The firm had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. Equities research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Travelzoo

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Travelzoo by 352.5% during the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock worth $1,142,000 after purchasing an additional 44,578 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Travelzoo in the fourth quarter valued at approximately $2,102,000. Renaissance Technologies LLC grew its position in Travelzoo by 17.9% during the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after buying an additional 107,681 shares in the last quarter. Tidal Investments LLC bought a new position in Travelzoo during the 4th quarter worth $710,000. Finally, Northern Trust Corp raised its holdings in Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock valued at $552,000 after acquiring an additional 2,995 shares in the last quarter. 27.39% of the stock is 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.