Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $143,700.00 in Stock

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 sale, the insider owned 3,865,196 shares in the company, valued at approximately $37,028,577.68. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 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 shares were 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 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 shares were 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 shares were 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 shares were sold at an average price of $11.08, for a total value of $83,100.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The shares were sold at an average price of $13.15, for a total value of $1,005,975.00.

Travelzoo Price Performance

TZOO traded up $0.09 during trading hours on Monday, reaching $9.61. The company's stock had a trading volume of 96,311 shares, compared to its average volume of 133,773. Travelzoo has a fifty-two week low of $9.20 and a fifty-two week high of $24.85. The stock has a market cap of $105.52 million, a PE ratio of 10.80 and a beta of 1.01. The business's 50-day moving average is $10.75 and its 200-day moving average is $12.47.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). Travelzoo had a return on equity of 1,186.62% 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. Analysts expect that Travelzoo will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings 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 buying an additional 231,790 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted 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 boosted its holdings in Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock valued at $2,002,000 after purchasing an additional 83,719 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Travelzoo in the 1st quarter valued at approximately $1,796,000. Finally, Man Group plc boosted its holdings in Travelzoo by 26.3% in the 2nd quarter. Man Group plc now owns 74,179 shares of the information services provider's stock valued at $944,000 after purchasing an additional 15,468 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company's stock.

Analyst Ratings Changes

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