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

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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, 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 value of $465,725.00.
• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Price Performance

Shares of TZOO opened at $13.11 on Wednesday. The firm has a market cap of $147.42 million, a PE ratio of 12.25 and a beta of 1.69. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The stock’s fifty day moving average price is $17.35 and its two-hundred day moving average price is $17.35.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $20.68 million for the quarter, compared to the consensus estimate of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the prior year, the firm earned $0.23 earnings per share. Sell-side analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in shares of Travelzoo during the 4th quarter valued at $710,000. State of Wyoming purchased a new position in Travelzoo during the fourth quarter worth about $171,000. Man Group plc bought a new position in Travelzoo in the 4th quarter worth about $475,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Travelzoo in the 4th quarter valued at about $501,000. Finally, Millennium Management LLC boosted its position in shares of Travelzoo by 528.4% during the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock valued at $1,542,000 after acquiring an additional 65,004 shares during the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Ratings Changes

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

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.