Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $960,225.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $18.29, for a total transaction of $960,225.00. Following the completion of the sale, the insider now directly owns 4,492,696 shares of the company’s stock, valued at $82,171,409.84. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 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 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 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 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 shares were sold at an average price of $14.72, for a total value of $220,800.00.

Travelzoo Trading Down 1.4 %

Travelzoo stock opened at $18.42 on Friday. The firm’s 50 day simple moving average is $14.40 and its 200 day simple moving average is $10.92. Travelzoo has a 1-year low of $7.12 and a 1-year high of $19.47. The firm has a market capitalization of $217.36 million, a PE ratio of 17.21 and a beta of 1.69.

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

Travelzoo declared that its Board of Directors has approved a stock buyback program on Wednesday, October 23rd that allows the company to buyback 1,000,000 shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its position in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after purchasing an additional 47,352 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Travelzoo during the 1st quarter valued at $132,000. Fermata Advisors LLC bought a new stake in shares of Travelzoo during the 2nd quarter worth $101,000. Hennion & Walsh Asset Management Inc. grew its position in Travelzoo by 73.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock worth $358,000 after acquiring an additional 20,019 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in Travelzoo in the second quarter valued at $82,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

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

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.