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

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $7.08, for a total transaction of $159,300.00. Following the transaction, the insider directly owned 3,722,696 shares in the company, valued at approximately $26,356,687.68. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 transaction of $278,800.00.
• On Tuesday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $7.01, for a total transaction of $140,200.00.
• 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 shares were 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 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 shares were sold at an average price of $7.75, for a total value of $77,500.00.

Travelzoo Stock Up 1.9%

Shares of NASDAQ:TZOO opened at $7.14 on Tuesday. Travelzoo has a twelve month low of $6.59 and a twelve month high of $24.85. The stock’s 50 day moving average is $7.55 and its 200-day moving average is $9.72. The firm has a market capitalization of $78.04 million, a price-to-earnings ratio of 11.16 and a beta of 0.85.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TZOO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research report on Tuesday, October 14th. Ascendiant Capital Markets dropped their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Barrington Research lowered their price target on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, UBS Group set a $23.00 price objective on shares of Travelzoo in a report on Wednesday, November 19th. Three 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, the company has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Institutional Trading of Travelzoo

A number of hedge funds have recently bought and sold shares of TZOO. Millennium Management LLC grew its stake in Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after purchasing an additional 231,790 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Travelzoo by 17.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock valued at $2,223,000 after buying an additional 34,031 shares during the period. Geode Capital Management LLC increased its holdings in Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after buying an additional 83,719 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Travelzoo during the first quarter worth about $1,796,000. Finally, Man Group plc raised its position in Travelzoo by 26.3% in the second quarter. Man Group plc now owns 74,179 shares of the information services provider’s stock worth $944,000 after acquiring an additional 15,468 shares during the period. 27.39% of the stock is currently owned by institutional investors.

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.