Azzurro Capital Inc Sells 40,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 40,000 shares of Travelzoo stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the transaction, the insider now owns 4,382,696 shares of the company’s stock, valued at $66,879,940.96. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large 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 Monday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $19.60, for a total value of $392,000.00.

Travelzoo Price Performance

NASDAQ:TZOO opened at $13.96 on Friday. The firm has a market capitalization of $164.78 million, a P/E ratio of 13.05 and a beta of 1.69. The business has a 50 day simple moving average of $19.14 and a 200 day simple moving average of $17.16. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The company had revenue of $20.68 million during the quarter, compared to the consensus estimate of $22.06 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. Research analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Truffle Hound Capital LLC bought a new stake in shares of Travelzoo during the fourth quarter valued at approximately $3,990,000. Renaissance Technologies LLC grew its holdings in Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after buying an additional 107,681 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Travelzoo in the 4th quarter valued at approximately $2,102,000. Raymond James Financial Inc. bought a new stake in Travelzoo during the 4th quarter valued at $1,505,000. Finally, Millennium Management LLC boosted its position in Travelzoo by 528.4% during the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock worth $1,542,000 after acquiring an additional 65,004 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barrington Research dropped their price target on Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

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.