Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 60,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 60,000 shares of Travelzoo stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $17.28, for a total value of $1,036,800.00. Following the completion of the sale, the insider now directly owns 4,577,696 shares in the company, valued at approximately $79,102,586.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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, November 11th, Azzurro Capital Inc sold 52,500 shares of Travelzoo stock. The shares were sold at an average price of $18.29, for a total value of $960,225.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The shares were 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 shares were sold at an average price of $17.39, for a total value of $739,075.00.
• On Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The shares were sold at an average price of $15.39, for a total value 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 value of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was 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 stock was sold at an average price of $14.72, for a total value of $220,800.00.

Travelzoo Trading Down 1.1 %

Shares of NASDAQ TZOO opened at $19.15 on Wednesday. Travelzoo has a 12 month low of $7.12 and a 12 month high of $19.47. The stock has a 50 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 P/E ratio of 17.90 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. During the same period in the previous year, the company posted $0.16 EPS. Analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Travelzoo announced that its board has initiated a stock buyback plan on Wednesday, October 23rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Ascendiant Capital Markets boosted their price target on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday. Litchfield Hills Research assumed coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. Barrington Research boosted their price target on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Institutional Trading of Travelzoo

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new stake in Travelzoo in the 2nd quarter valued at $82,000. Ritholtz Wealth Management bought a new stake in Travelzoo in the 2nd quarter valued at $82,000. Fermata Advisors LLC bought a new stake in Travelzoo in the 2nd quarter valued at $101,000. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo in the 1st quarter valued at $132,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Travelzoo by 73.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock valued at $358,000 after purchasing an additional 20,019 shares during the period. 27.39% of the stock is currently owned by institutional investors.

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.