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

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of Travelzoo stock in a transaction on Monday, November 11th. The shares were sold at an average price of $18.29, for a total value of $960,225.00. Following the transaction, the insider now owns 4,492,696 shares in the company, valued at $82,171,409.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 stock was 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 transaction 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 transaction 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 transaction 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 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 Stock Down 2.4 %

Shares of Travelzoo stock opened at $18.69 on Thursday. 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 price of $14.26 and a two-hundred day moving average price of $10.86. The stock has a market capitalization of $220.54 million, a P/E ratio of 17.47 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data 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. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the prior year, the firm earned $0.16 EPS. Sell-side analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo declared that its board has approved a share repurchase program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on TZOO shares. Litchfield Hills Research started coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target for the company. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Barrington Research raised their price target on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, 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 report on Monday.

Hedge Funds Weigh In On Travelzoo

Several large investors have recently made changes to their positions in TZOO. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Travelzoo by 169.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after acquiring an additional 47,352 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Travelzoo during the first quarter worth $132,000. Ritholtz Wealth Management raised its stake in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after purchasing an additional 23,599 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Travelzoo in the 2nd quarter valued at $82,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.