Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $125,400.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $12.54, for a total transaction of $125,400.00. Following the sale, the insider now directly owns 4,875,196 shares in the company, valued at $61,134,957.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was 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 stock was 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 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 shares were sold at an average price of $10.16, for a total value of $228,600.00.

Travelzoo Trading Up 1.6 %

Shares of NASDAQ TZOO opened at $12.56 on Friday. Travelzoo has a 12-month low of $4.77 and a 12-month high of $15.23. The firm has a market capitalization of $154.36 million, a price-to-earnings ratio of 13.80 and a beta of 1.74. The firm has a 50 day moving average of $11.74 and a 200 day moving average of $9.73.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The firm had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. During the same quarter in the previous year, the firm posted $0.17 EPS. Sell-side analysts predict that Travelzoo will post 0.97 EPS for the current year.

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Hennion & Walsh Asset Management Inc. bought a new position in shares of Travelzoo during the 1st quarter valued at approximately $277,000. Quadrature Capital Ltd purchased a new position in Travelzoo during the fourth quarter valued at approximately $445,000. Acadian Asset Management LLC boosted its position 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 purchasing an additional 47,352 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Travelzoo in the first quarter worth $132,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Travelzoo during the 2nd quarter valued at $82,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TZOO shares. Litchfield Hills Research assumed coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com raised shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barrington Research reissued an “outperform” rating and set a $12.00 price target on shares of Travelzoo in a report on Friday, July 26th. Finally, Ascendiant Capital Markets lifted 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.

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.