Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 5,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 5,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $7.09, for a total transaction of $35,450.00. Following the sale, the insider owned 3,760,196 shares of the company’s stock, valued at approximately $26,659,789.64. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, 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 Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was 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 stock was 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 shares were sold at an average price of $7.75, for a total value of $77,500.00.
• On Friday, September 26th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The stock was sold at an average price of $10.06, for a total value of $251,500.00.
• On Wednesday, September 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total transaction of $210,200.00.
• On Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $10.48, for a total transaction of $78,600.00.

Travelzoo Trading Up 5.7%

Shares of TZOO opened at $7.56 on Tuesday. Travelzoo has a 1-year low of $6.59 and a 1-year high of $24.85. The firm’s 50-day moving average price is $8.13 and its 200-day moving average price is $10.16. The firm has a market capitalization of $82.65 million, a price-to-earnings ratio of 11.81 and a beta of 0.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Tuesday, October 28th. The information services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%.The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.92 million. On average, research analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TZOO. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Barrington Research reduced their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. Ascendiant Capital Markets dropped their price objective 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, UBS Group set a $23.00 target price on shares of Travelzoo in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.67.

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming lifted its stake in shares of Travelzoo by 5.6% in the third quarter. State of Wyoming now owns 25,819 shares of the information services provider’s stock worth $254,000 after buying an additional 1,376 shares in the last quarter. AlphaQuest LLC raised its holdings in Travelzoo by 57.8% in the 3rd quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock worth $44,000 after acquiring an additional 1,635 shares during the last quarter. Bank of America Corp DE lifted its position 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 valued at $27,000 after acquiring an additional 1,988 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in Travelzoo by 29.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 2,068 shares during the last quarter. Finally, US Bancorp DE purchased a new stake in Travelzoo during the 1st quarter valued at $31,000. 27.39% of the stock is currently owned by institutional investors.

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.