Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $150,200.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the sale, the insider now owns 4,837,696 shares of the company’s stock, valued at approximately $72,662,193.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The stock was sold at an average price of $15.39, for a total value of $461,700.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was sold at an average price of $12.99, for a total value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total value of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $10.50, for a total value of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The stock was sold at an average price of $9.32, for a total value of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.16, for a total value of $228,600.00.

Travelzoo Stock Up 2.5 %

Shares of NASDAQ:TZOO traded up $0.38 during trading on Friday, reaching $15.41. 192,549 shares of the company’s stock traded hands, compared to its average volume of 106,318. Travelzoo has a fifty-two week low of $6.57 and a fifty-two week high of $15.71. The firm has a market cap of $189.39 million, a PE ratio of 15.89 and a beta of 1.74. The company has a 50-day simple moving average of $12.67 and a 200-day simple moving average of $10.03.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities research analysts forecast that Travelzoo will post 0.97 EPS for the current year.

Travelzoo declared that its board has authorized a share buyback program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. lifted its stake in Travelzoo by 169.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after purchasing an additional 79,990 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Travelzoo by 217.4% in the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares in the last quarter. American Century Companies Inc. purchased a new position in Travelzoo in the 2nd quarter worth approximately $82,000. ClariVest Asset Management LLC lifted its stake in Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after purchasing an additional 2,732 shares in the last quarter. Finally, Fermata Advisors LLC purchased a new position in Travelzoo in the 2nd quarter worth approximately $101,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TZOO has been the subject of a number of recent research reports. Barrington Research lifted their price objective on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday. Litchfield Hills Research initiated coverage on Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective for the company. Ascendiant Capital Markets lifted their price objective on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

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.