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

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of Travelzoo stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total value of $228,600.00. Following the completion of the transaction, the insider now directly owns 5,037,371 shares in the company, valued at approximately $51,179,689.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Large 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 Thursday, June 27th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.60, for a total value of $114,000.00.
• On Tuesday, June 25th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $7.80, for a total value of $195,000.00.
• On Thursday, June 13th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.82, for a total value of $39,100.00.
• On Thursday, May 30th, Azzurro Capital Inc sold 17,500 shares of Travelzoo stock. The shares were sold at an average price of $7.71, for a total value of $134,925.00.
• On Monday, May 20th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $8.51, for a total value of $170,200.00.

Travelzoo Stock Performance

TZOO opened at $9.86 on Friday. The business has a 50 day moving average price of $8.21 and a 200 day moving average price of $8.77. Travelzoo has a twelve month low of $4.77 and a twelve month high of $11.23. The firm has a market cap of $129.17 million, a P/E ratio of 10.84 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Travelzoo had a return on equity of 157.07% and a net margin of 15.59%. The firm had revenue of $21.14 million during the quarter, compared to analyst estimates of $21.58 million. During the same period in the previous year, the company earned $0.17 EPS. As a group, analysts anticipate that Travelzoo will post 0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janiczek Wealth Management LLC acquired a new position in shares of Travelzoo during the fourth quarter worth approximately $275,000. Jump Financial LLC lifted its holdings in shares of Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after buying an additional 9,800 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Travelzoo during the fourth quarter worth approximately $171,000. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the fourth quarter worth approximately $445,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Travelzoo during the first quarter worth approximately $277,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TZOO shares. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 29th. Barrington Research reissued an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research note on Friday, July 26th.

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.