Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 20,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $7.01, for a total value of $140,200.00. Following the completion of the transaction, the insider directly owned 3,702,696 shares in the company, valued at $25,955,898.96. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $7.01, for a total transaction 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 transaction 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 transaction of $77,500.00.

Travelzoo Stock Up 1.9%

Travelzoo stock opened at $7.14 on Tuesday. The firm has a fifty day moving average of $7.55 and a 200-day moving average of $9.72. Travelzoo has a 52-week low of $6.59 and a 52-week high of $24.85. The firm has a market capitalization of $78.04 million, a P/E ratio of 11.16 and a beta of 0.85.

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 the consensus estimate of $0.14 by ($0.13). Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. On average, research analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP increased its position in shares of Travelzoo by 154.4% in the 1st quarter. Trexquant Investment LP now owns 61,384 shares of the information services provider’s stock worth $837,000 after purchasing an additional 37,257 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Travelzoo in the second quarter worth about $702,000. Goldman Sachs Group Inc. increased its holdings in Travelzoo by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock valued at $621,000 after buying an additional 17,146 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Travelzoo during the first quarter valued at approximately $1,796,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Travelzoo during the 2nd quarter worth approximately $171,000. Institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Travelzoo Company Profile

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.