Azzurro Capital Inc Sells 20,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $7.01, for a total transaction of $140,200.00. Following the sale, the insider directly owned 3,702,696 shares in the company, valued at $25,955,898.96. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Friday, December 26th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $6.97, for a total value of $278,800.00.
• On Monday, December 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $7.08, for a total value of $159,300.00.
• On Monday, December 15th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.56, for a total value of $113,400.00.
• On Thursday, December 11th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.09, for a total value of $35,450.00.
• On Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.01, for a total value of $35,050.00.
• On Wednesday, November 12th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.53, for a total value of $37,650.00.
• On Tuesday, November 4th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $7.75, for a total transaction of $77,500.00.

Travelzoo Trading Down 0.8%

TZOO stock opened at $7.08 on Wednesday. The firm has a 50 day moving average of $7.49 and a 200-day moving average of $9.69. The firm has a market capitalization of $77.38 million, a P/E ratio of 11.06 and a beta of 0.85. Travelzoo has a 12 month low of $6.59 and a 12 month high of $24.85.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%.The firm had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.92 million. Sell-side analysts predict that Travelzoo will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Travelzoo

Large investors have recently modified their holdings of the company. Quarry LP bought a new stake in Travelzoo in the 3rd quarter worth approximately $26,000. Bank of America Corp DE raised its stake in shares of Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after acquiring an additional 1,988 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after acquiring an additional 2,742 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after acquiring an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Travelzoo in the 2nd quarter valued at $44,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. UBS Group set a $23.00 price target on Travelzoo in a report on Wednesday, November 19th. Barrington Research decreased their price objective on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Ascendiant Capital Markets lowered their target price on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Key Stores Impacting Travelzoo

Here are the key news stories impacting Travelzoo this week:

• Positive Sentiment: Analyst and institutional context: several analysts still rate TZOO a buy or hold and MarketBeat shows a consensus “Moderate Buy” with a $19.67 target; institutional ownership (~27%) and earlier quarter increases by some funds may provide underlying demand. MarketBeat Analyst / Ownership Summary
• Neutral Sentiment: Fundamentals reminder: Travelzoo reported an October quarter that missed EPS and revenue estimates, leaving growth and profitability questions that make insider moves more noticeable to investors. MarketBeat Earnings Recap
• Negative Sentiment: Major insider selling — Azzurro Capital reduced its stake with several late?December sales (notably 22,500 shares on Dec 22, 20,000 on Dec 23 and 40,000 on Dec 26). These trades total ~82,500 shares (?$578k proceeds across the three trades) and represent incremental reductions in a large position. Such sales by a top holder can pressure the stock and sap short?term sentiment, especially for a small?cap name with limited float. InsiderTrades: Insider Selling Details
• Negative Sentiment: Multiple outlets reporting the same cluster of filings — AmericanBankingNews and TipRanks picked up the Azzurro sales, increasing visibility of the liquidations to the market. Public SEC Form 4s confirm the transactions. Increased reporting can amplify downward price moves as other holders reassess. AmericanBankingNews: Azzurro Sale TipRanks: Coverage

About Travelzoo

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.