Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $461,700.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $15.39, for a total value of $461,700.00. Following the completion of the sale, the insider now owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 value of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were 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 value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $14.72, for a total value of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $10.50, for a total value of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The stock was sold at an average price of $9.32, for a total value of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.16, for a total value of $228,600.00.

Travelzoo Price Performance

TZOO stock traded up $0.38 during trading hours on Friday, reaching $15.41. 192,549 shares of the stock were exchanged, compared to its average volume of 106,318. The firm’s 50-day moving average is $12.67 and its 200-day moving average is $10.03. The company has a market cap of $189.39 million, a price-to-earnings ratio of 15.89 and a beta of 1.74. Travelzoo has a 12 month low of $6.57 and a 12 month high of $15.71.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. During the same period in the prior year, the business posted $0.16 EPS. As a group, equities research analysts forecast that Travelzoo will post 0.97 earnings per share for the current year.

Travelzoo announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 23rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Travelzoo

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on TZOO shares. Litchfield Hills Research started coverage on Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price on the stock. Ascendiant Capital Markets upped their price objective on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Barrington Research upped 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. Finally, StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

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.