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 stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the sale, the insider now owns 4,442,696 shares of the company’s stock, valued at $87,076,841.60. This represents a 0.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 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 shares were sold at an average price of $17.38, for a total transaction 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 shares were 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

Shares of Travelzoo stock opened at $19.72 on Friday. The stock has a 50 day moving average price of $18.64 and a 200-day moving average price of $13.40. Travelzoo has a one year low of $7.12 and a one year high of $22.44. The stock has a market cap of $232.77 million, a price-to-earnings ratio of 18.43 and a beta of 1.71.

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 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 company had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

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

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TZOO. Hennion & Walsh Asset Management Inc. boosted its position 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 valued at $1,533,000 after buying an additional 79,990 shares during the period. Jane Street Group LLC purchased a new stake in shares of Travelzoo in the third quarter worth approximately $298,000. Ritholtz Wealth Management lifted its stake in shares of Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after acquiring an additional 23,599 shares during the last quarter. Virtu Financial LLC purchased a new position in Travelzoo during the 3rd quarter valued at $173,000. Finally, XTX Topco Ltd grew its position in Travelzoo by 103.5% in the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock valued at $305,000 after acquiring an additional 12,854 shares during the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.