Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 15,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total value of $220,800.00. Following the sale, the insider now owns 4,960,196 shares of the company’s stock, valued at $73,014,085.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major 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 Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were 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 shares were 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 shares were sold at an average price of $10.16, for a total value of $228,600.00.
• On Thursday, June 27th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.60, for a total value of $114,000.00.
• On Tuesday, June 25th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $7.80, for a total value of $195,000.00.

Travelzoo Stock Up 0.4 %

Shares of TZOO opened at $14.14 on Friday. Travelzoo has a 12-month low of $4.77 and a 12-month high of $15.23. The business has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $9.61. The stock has a market cap of $185.21 million, a PE ratio of 15.54 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The business had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. During the same quarter in the prior year, the firm earned $0.17 EPS. On average, equities research analysts expect that Travelzoo will post 0.97 EPS for the current year.

Analysts Set New Price Targets

TZOO has been the subject of a number of research analyst reports. Litchfield Hills Research initiated coverage on Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target for the company. Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Barrington Research reissued an “outperform” rating and set a $12.00 price target on shares of Travelzoo in a report on Friday, July 26th. Finally, StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.67.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jump Financial LLC increased its stake in shares of Travelzoo by 46.4% in the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after buying an additional 9,800 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Travelzoo in the fourth quarter valued at about $445,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Travelzoo in the first quarter valued at about $277,000. Acadian Asset Management LLC increased its stake 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 buying an additional 47,352 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Travelzoo in the first quarter valued at about $132,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.