Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $960,225.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $18.29, for a total value of $960,225.00. Following the sale, the insider now owns 4,492,696 shares of the company’s stock, valued at approximately $82,171,409.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $17.28, for a total value of $1,036,800.00.
• 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 value of $477,950.00.
• On Monday, October 28th, Azzurro Capital Inc sold 42,500 shares of Travelzoo stock. The stock was sold at an average price of $17.39, for a total value of $739,075.00.
• 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 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.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.54, for a total value 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 value 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 value of $220,800.00.

Travelzoo Price Performance

NASDAQ TZOO traded down $0.22 during midday trading on Tuesday, hitting $19.15. 106,445 shares of the company traded hands, compared to its average volume of 111,081. The company has a market cap of $235.35 million, a PE ratio of 17.90 and a beta of 1.69. Travelzoo has a 52 week low of $7.12 and a 52 week high of $19.47. The company’s 50-day simple moving average is $13.94 and its 200-day simple moving average is $10.73.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, research analysts predict that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo declared that its Board of Directors has authorized a stock buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TZOO. Acadian Asset Management LLC lifted its stake in Travelzoo by 9.7% during 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 in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Travelzoo by 169.5% in 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 in the last quarter. ClariVest Asset Management LLC grew its holdings in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after purchasing an additional 2,732 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares during the last quarter. Finally, Fermata Advisors LLC purchased a new position in shares of Travelzoo during the second quarter worth about $101,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TZOO. Ascendiant Capital Markets increased their price target on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday. Barrington Research increased their price target on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Litchfield Hills Research assumed coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company.

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.