Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 52,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of Travelzoo stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $18.29, for a total value of $960,225.00. Following the completion of the sale, the insider now owns 4,492,696 shares of the company’s stock, valued at approximately $82,171,409.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $17.28, for a total value of $1,036,800.00.
• 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 stock was sold at an average price of $15.39, for a total transaction of $461,700.00.
• On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was 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 stock was 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 shares were sold at an average price of $12.99, for a total transaction 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 transaction of $220,800.00.

Travelzoo Trading Down 1.1 %

Shares of Travelzoo stock opened at $19.15 on Wednesday. The company has a market capitalization of $225.97 million, a P/E ratio of 17.90 and a beta of 1.69. Travelzoo has a 12-month low of $7.12 and a 12-month high of $19.47. The stock has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $10.81.

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

Travelzoo declared that its board has approved a stock buyback plan on Wednesday, October 23rd that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TZOO. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Litchfield Hills Research began coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. Ascendiant Capital Markets upped their price objective on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barrington Research raised their target price on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd.

Institutional Investors Weigh In On Travelzoo

Several institutional investors have recently bought and sold shares of TZOO. Hennion & Walsh Asset Management Inc. raised its holdings in Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after buying an additional 79,990 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares during the period. American Century Companies Inc. bought a new stake in shares of Travelzoo in the second quarter worth about $82,000. ClariVest Asset Management LLC raised its holdings in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after acquiring an additional 2,732 shares in the last quarter. Finally, Fermata Advisors LLC bought a new position in Travelzoo in the 2nd quarter worth $101,000. 27.39% of the stock is currently owned by hedge funds and other 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.