Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $77,500.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $7.75, for a total transaction of $77,500.00. Following the completion of the sale, the insider owned 3,782,696 shares of the company’s stock, valued at $29,315,894. This trade represents a 0.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% 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, 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 shares were sold at an average price of $10.48, for a total transaction of $78,600.00.
• On Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $9.53, for a total transaction of $190,600.00.
• On Thursday, September 11th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $9.58, for a total transaction of $143,700.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $9.95, for a total transaction of $49,750.00.
• On Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $9.94, for a total transaction of $74,550.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.04, for a total transaction of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $9.55, for a total transaction of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total transaction of $38,887.00.

Travelzoo Stock Down 3.0%

Shares of NASDAQ TZOO traded down $0.24 during midday trading on Thursday, hitting $7.49. The company had a trading volume of 113,540 shares, compared to its average volume of 135,600. Travelzoo has a twelve month low of $7.41 and a twelve month high of $24.85. The business has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $11.46. The firm has a market capitalization of $82.19 million, a price-to-earnings ratio of 11.70 and a beta of 0.93.

Travelzoo (NASDAQ:TZOO) last announced 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 business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. Travelzoo had a return on equity of 2,072.58% and a net margin of 8.66%. On average, equities analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Analyst Ratings Changes

TZOO has been the subject of a number of recent research reports. Ascendiant Capital Markets lifted their price target on shares of Travelzoo from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen downgraded shares of Travelzoo from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Barrington Research lowered their target price on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Travelzoo presently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming raised its holdings in Travelzoo by 5.6% in the third quarter. State of Wyoming now owns 25,819 shares of the information services provider’s stock valued at $254,000 after acquiring an additional 1,376 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Travelzoo by 57.8% during the third quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock worth $44,000 after purchasing an additional 1,635 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Travelzoo by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider’s stock worth $914,000 after purchasing an additional 1,668 shares during the period. Bank of America Corp DE raised its holdings in shares of Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the period. Finally, AdvisorShares Investments LLC raised its holdings in shares of Travelzoo by 29.5% during the second quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock worth $115,000 after purchasing an additional 2,068 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

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.