Azzurro Capital Inc Sells 42,500 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 42,500 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $17.39, for a total transaction of $739,075.00. Following the completion of the sale, the insider now directly owns 4,675,196 shares of the company’s stock, valued at $81,301,658.44. The trade was a 0.00 % 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 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 transaction of $477,950.00.
• 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 stock was 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 transaction 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 transaction 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 transaction of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00.

Travelzoo Trading Down 1.3 %

Shares of TZOO stock opened at $17.10 on Friday. The stock has a market capitalization of $210.16 million, a P/E ratio of 15.98 and a beta of 1.74. The firm’s 50 day moving average is $13.03 and its 200 day moving average is $10.23. Travelzoo has a 12 month low of $6.80 and a 12 month high of $17.83.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 174.97%. During the same period in the prior year, the company posted $0.16 EPS. On average, equities analysts predict that Travelzoo will post 1.07 EPS for the current year.

Travelzoo declared that its Board of Directors has approved 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. American Century Companies Inc. bought a new position in Travelzoo in the 2nd quarter valued at $82,000. Ritholtz Wealth Management bought a new position in Travelzoo in the 2nd quarter valued at $82,000. O Shaughnessy Asset Management LLC bought a new position in Travelzoo in the 1st quarter valued at $132,000. Fermata Advisors LLC bought a new position in Travelzoo in the 2nd quarter valued at $101,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo in the 1st quarter valued at $277,000. 27.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Ascendiant Capital Markets increased their target price on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 19th. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barrington Research increased 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, October 22nd. Finally, Litchfield Hills Research started coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the 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.