Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 25,000 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 25,000 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $13.35, for a total transaction of $333,750.00. Following the completion of the transaction, the insider now directly owns 4,297,696 shares of the company’s stock, valued at approximately $57,374,241.60. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 Monday, March 24th, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $14.33, for a total transaction of $465,725.00.
• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The shares were sold at an average price of $15.26, for a total transaction of $610,400.00.

Travelzoo Trading Up 0.1 %

Travelzoo stock opened at $13.63 on Tuesday. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The firm has a 50-day moving average price of $17.50 and a 200-day moving average price of $17.36. The firm has a market capitalization of $153.27 million, a PE ratio of 12.74 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the previous year, the business earned $0.23 earnings per share. As a group, sell-side analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Ancora Advisors LLC bought a new position in shares of Travelzoo in the fourth quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Travelzoo in the 3rd quarter worth about $35,000. Lazard Asset Management LLC purchased a new position in shares of Travelzoo during the fourth quarter worth approximately $87,000. Tower Research Capital LLC TRC increased its position in shares of Travelzoo by 556.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider’s stock worth $112,000 after acquiring an additional 4,746 shares during the period. Finally, Wells Fargo & Company MN purchased a new stake in shares of Travelzoo in the fourth quarter valued at approximately $158,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reduced their price objective on Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th.

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.