Azzurro Capital Inc Sells 20,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $19.60, for a total transaction of $392,000.00. Following the transaction, the insider now directly owns 4,442,696 shares in the company, valued at $87,076,841.60. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Monday, November 11th, Azzurro Capital Inc sold 52,500 shares of Travelzoo stock. The stock was sold at an average price of $18.29, for a total value of $960,225.00.
• On Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The shares were sold at an average price of $17.28, for a total transaction of $1,036,800.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The stock was 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 transaction 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 value 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.

Travelzoo Stock Performance

NASDAQ TZOO traded down $0.02 during mid-day trading on Thursday, reaching $20.77. 10,599 shares of the stock were exchanged, compared to its average volume of 111,671. The company has a market capitalization of $245.17 million, a P/E ratio of 19.41 and a beta of 1.71. The business’s 50 day moving average is $18.30 and its 200-day moving average is $13.25. Travelzoo has a 1 year low of $7.12 and a 1 year high of $22.44.

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

Travelzoo declared that its Board of Directors has initiated a share repurchase program 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. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

TZOO has been the subject of a number of recent research reports. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Litchfield Hills Research initiated coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. Ascendiant Capital Markets lifted their price objective on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research upped their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

Institutional Trading of Travelzoo

Institutional investors have recently bought and sold shares of the business. ClariVest Asset Management LLC lifted its position in shares of Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after buying an additional 2,732 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Travelzoo during the third quarter worth $35,000. Geode Capital Management LLC grew its position in shares of Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after purchasing an additional 7,857 shares during the period. American Century Companies Inc. purchased a new stake in shares of Travelzoo during the second quarter worth about $82,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Travelzoo during the second quarter worth about $82,000. 27.39% of the stock is owned by institutional investors and hedge funds.

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.