Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 22,500 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $10.04, for a total transaction of $225,900.00. Following the completion of the transaction, the insider owned 3,912,696 shares of the company’s stock, valued at approximately $39,283,467.84. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% 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 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 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 stock was 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 shares were 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 shares were 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.
• 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 transaction of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The shares were sold at an average price of $12.81, for a total transaction 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.

Travelzoo Trading Down 0.5%

Shares of TZOO opened at $9.77 on Thursday. The firm has a market cap of $107.27 million, a PE ratio of 10.98 and a beta of 1.11. The firm has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $13.36. Travelzoo has a 1-year low of $9.37 and a 1-year high of $24.85.

Travelzoo (NASDAQ:TZOO) last announced its earnings results 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 company had revenue of $23.91 million for the quarter, compared to analysts’ expectations of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. As a group, research analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in Travelzoo in the 4th quarter worth $30,000. Bank of America Corp DE boosted its holdings in 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 worth $27,000 after buying an additional 1,988 shares during the period. US Bancorp DE bought a new position in shares of Travelzoo during the 1st quarter valued at about $31,000. AlphaQuest LLC boosted its holdings in shares of Travelzoo by 3,188.4% during the 2nd 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. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Travelzoo by 42,900.0% during the 2nd 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. Institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday. Noble Financial reissued an “outperform” rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Travelzoo in a research report on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Travelzoo presently has a consensus rating of “Buy” and a consensus target price of $26.00.

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.