Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 40,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $6.97, for a total value of $278,800.00. Following the sale, the insider owned 3,662,696 shares in the company, valued at approximately $25,528,991.12. This trade represents a 1.08% 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 link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $7.01, for a total value of $140,200.00.
• On Monday, December 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $7.08, for a total value of $159,300.00.
• On Monday, December 15th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $7.56, for a total transaction of $113,400.00.
• On Thursday, December 11th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.09, for a total transaction of $35,450.00.
• On Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.01, for a total transaction of $35,050.00.
• On Wednesday, November 12th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.53, for a total transaction of $37,650.00.
• On Tuesday, November 4th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $7.75, for a total transaction of $77,500.00.

Travelzoo Price Performance

Shares of NASDAQ TZOO opened at $7.14 on Tuesday. Travelzoo has a 1 year low of $6.59 and a 1 year high of $24.85. The firm has a 50-day simple moving average of $7.55 and a two-hundred day simple moving average of $9.72. The company has a market cap of $78.04 million, a P/E ratio of 11.16 and a beta of 0.85.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Tuesday, October 28th. The information services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. The business had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.92 million. As a group, equities research analysts expect that Travelzoo will post 1.09 EPS for the current year.

Institutional Trading of Travelzoo

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Travelzoo by 1,242.5% in the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 1,988 shares during the period. Quarry LP purchased a new position in Travelzoo in the third quarter valued at about $26,000. AlphaQuest LLC grew its stake in Travelzoo by 3,188.4% in the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 2,742 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Travelzoo by 42,900.0% in the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Travelzoo during the second quarter valued at about $44,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Ascendiant Capital Markets dropped their target price on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. UBS Group set a $23.00 price target on shares of Travelzoo in a research note on Wednesday, November 19th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Barrington Research reduced their price objective on Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Travelzoo currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

About Travelzoo

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.