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

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $7.82, for a total value of $39,100.00. Following the sale, the insider now owns 5,114,871 shares of the company’s stock, valued at approximately $39,998,291.22. The sale was disclosed in a filing with the SEC, which can be accessed 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 Thursday, May 30th, Azzurro Capital Inc sold 17,500 shares of Travelzoo stock. The stock was sold at an average price of $7.71, for a total value of $134,925.00.
• On Monday, May 20th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $8.51, for a total value of $170,200.00.
• On Wednesday, March 20th, Azzurro Capital Inc sold 43,431 shares of Travelzoo stock. The shares were sold at an average price of $10.58, for a total value of $459,499.98.

Travelzoo Price Performance

TZOO stock opened at $7.88 on Tuesday. The stock has a market capitalization of $103.23 million, a P/E ratio of 8.66 and a beta of 1.68. The business has a 50-day moving average of $8.48 and a 200-day moving average of $9.10. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $11.23.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Travelzoo had a return on equity of 140.63% and a net margin of 15.24%. The firm had revenue of $21.99 million during the quarter, compared to analysts’ expectations of $23.72 million. Equities analysts expect that Travelzoo will post 0.92 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barrington Research dropped their price objective on Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TZOO. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Travelzoo during the third quarter valued at approximately $82,000. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo in the first quarter valued at approximately $132,000. Hillsdale Investment Management Inc. bought a new stake in Travelzoo in the fourth quarter valued at approximately $171,000. Janiczek Wealth Management LLC bought a new stake in Travelzoo in the fourth quarter valued at approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Travelzoo in the first quarter valued at approximately $277,000. 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.