Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 32,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 32,500 shares of Travelzoo stock in a transaction on Monday, March 24th. The shares were sold at an average price of $14.33, for a total transaction of $465,725.00. Following the completion of the transaction, the insider now owns 4,322,696 shares in the company, valued at approximately $61,944,233.68. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Stock Down 0.8 %

Shares of NASDAQ:TZOO opened at $14.31 on Thursday. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The firm’s 50-day simple moving average is $17.92 and its 200-day simple moving average is $17.33. The company has a market cap of $160.92 million, a price-to-earnings ratio of 13.37 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $20.68 million for the quarter, compared to analyst estimates of $22.06 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the previous year, the company earned $0.23 EPS. On average, research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Travelzoo during the 3rd quarter worth $35,000. Quadrature Capital Ltd acquired a new stake in shares of Travelzoo in the third quarter valued at about $134,000. Jane Street Group LLC purchased a new stake in Travelzoo during the third quarter worth about $298,000. XTX Topco Ltd grew its position in Travelzoo by 103.5% during the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock worth $305,000 after buying an additional 12,854 shares during the period. Finally, Barclays PLC purchased a new position in Travelzoo in the third quarter valued at about $138,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research lowered their target price on Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a research note 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.