Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 52,500 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $18.29, for a total value of $960,225.00. Following the transaction, the insider now owns 4,492,696 shares of the company’s stock, valued at $82,171,409.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% 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 Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The shares were sold at an average price of $17.28, for a total transaction of $1,036,800.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The stock was sold at an average price of $17.38, for a total value of $477,950.00.
• On Monday, October 28th, Azzurro Capital Inc sold 42,500 shares of Travelzoo stock. The stock was sold at an average price of $17.39, for a total transaction of $739,075.00.
• 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 transaction of $461,700.00.
• On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00.
• 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 transaction of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The shares were 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 shares were sold at an average price of $14.72, for a total transaction of $220,800.00.

Travelzoo Price Performance

NASDAQ TZOO opened at $19.15 on Wednesday. The company has a fifty day moving average of $14.10 and a 200 day moving average of $10.81. The company has a market capitalization of $225.97 million, a PE ratio of 17.90 and a beta of 1.69. Travelzoo has a 1 year low of $7.12 and a 1 year high of $19.47.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

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

Institutional Trading of Travelzoo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its position in shares of Travelzoo by 169.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after purchasing an additional 47,352 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Travelzoo during the 1st quarter worth approximately $132,000. Ritholtz Wealth Management lifted its holdings in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after buying an additional 23,599 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Travelzoo in the second quarter worth $82,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TZOO has been the subject of a number of research reports. Ascendiant Capital Markets increased their target price on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Barrington Research upped their price target on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Litchfield Hills Research assumed coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price for the company. Finally, StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

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.