Azzurro Capital Inc Sells 5,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $7.09, for a total value of $35,450.00. Following the completion of the sale, the insider owned 3,760,196 shares of the company’s stock, valued at $26,659,789.64. This represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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 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.
• On Friday, September 26th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $10.06, for a total transaction 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 Stock Down 1.3%

Shares of TZOO opened at $7.46 on Wednesday. The company has a 50-day moving average price of $8.08 and a two-hundred day moving average price of $10.11. The stock has a market cap of $81.54 million, a price-to-earnings ratio of 11.66 and a beta of 0.85. Travelzoo has a 12 month low of $6.59 and a 12 month high of $24.85.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Ascendiant Capital Markets cut their price objective on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Barrington Research reduced their price target 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. UBS Group set a $23.00 price objective on shares of Travelzoo in a research note on Wednesday, November 19th. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TZOO. Quarry LP bought a new stake in shares of Travelzoo during the third quarter valued at approximately $26,000. Bank of America Corp DE lifted its holdings in Travelzoo by 1,242.5% during the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after buying an additional 1,988 shares in the last quarter. US Bancorp DE bought a new position in Travelzoo in the 1st quarter valued at $31,000. AlphaQuest LLC increased its stake in shares of Travelzoo by 3,188.4% in the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after buying an additional 2,742 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after buying an additional 3,003 shares during the period. Institutional investors and hedge funds 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.