Azzurro Capital Inc Sells 10,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the transaction, the insider now directly owns 4,837,696 shares of the company’s stock, valued at $72,662,193.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The stock was sold at an average price of $15.39, for a total value of $461,700.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was sold at an average price of $12.99, for a total transaction of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total transaction of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $10.50, for a total transaction of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.16, for a total value of $228,600.00.

Travelzoo Stock Up 2.5 %

Shares of Travelzoo stock opened at $15.41 on Friday. The firm has a market cap of $201.84 million, a PE ratio of 16.93 and a beta of 1.74. Travelzoo has a 52 week low of $6.57 and a 52 week high of $15.71. The business’s fifty day simple moving average is $12.75 and its 200-day simple moving average is $10.07.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, equities analysts expect that Travelzoo will post 0.97 earnings per share for the current year.

Travelzoo announced that its board has authorized a stock buyback plan on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TZOO. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Litchfield Hills Research assumed coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. Barrington Research raised their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th.

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TZOO. Acadian Asset Management LLC boosted its position in shares of Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after buying an additional 47,352 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after acquiring an additional 79,990 shares during the period. ClariVest Asset Management LLC grew its position in Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after acquiring an additional 2,732 shares in the last quarter. Ritholtz Wealth Management increased its stake in Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares during the period. Finally, Fermata Advisors LLC acquired a new stake in shares of Travelzoo during the second quarter worth about $101,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.