Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 15,000 Shares

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 15,000 shares for a total of $143,700, reducing its ownership by 0.39% to approximately 3.87 million shares valued at $37 million.
• Travelzoo's stock is currently trading at $9.61, reflecting a significant decline from its 52-week high of $24.85, with a market cap of approximately $105.52 million.
• Recent analyst ratings show a mix of sentiment, with Barrington Research maintaining an "outperform" rating and a price target of $17.00, while Wall Street Zen downgraded its rating from "buy" to "hold."

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $9.58, for a total value of $143,700.00. Following the completion of the transaction, the insider owned 3,865,196 shares of the company's stock, valued at approximately $37,028,577.68. This represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% 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 Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $9.53, for a total value of $190,600.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was 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 stock was 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 stock was sold at an average price of $9.55, for a total value 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 value of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was 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 value 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 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 value of $83,100.00.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded down $0.10 during trading hours on Friday, hitting $10.21. 224,553 shares of the company's stock traded hands, compared to its average volume of 97,264. Travelzoo has a 1 year low of $9.20 and a 1 year high of $24.85. The business has a fifty day moving average price of $10.38 and a 200-day moving average price of $12.32. The firm has a market capitalization of $112.11 million, a P/E ratio of 11.47 and a beta of 1.01.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.11). Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. The business had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. As a group, equities analysts predict that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Trading of Travelzoo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Travelzoo by 1,242.5% in the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider's stock valued at $27,000 after acquiring an additional 1,988 shares during the period. US Bancorp DE purchased a new position in Travelzoo in the first quarter valued at about $31,000. AlphaQuest LLC grew its stake in Travelzoo by 3,188.4% in the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider's stock valued at $36,000 after purchasing an additional 2,742 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Travelzoo by 42,900.0% in the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider's stock valued at $38,000 after purchasing an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Travelzoo in the second quarter valued at about $44,000. Institutional investors own 27.39% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on TZOO shares. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Ascendiant Capital Markets boosted their target price on Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $21.50.

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.