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

Travelzoo (NASDAQ:TZOO - Get Free Report) 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 value 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 $57,374,241.60. This represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases 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 stock was sold at an average price of $15.26, for a total transaction of $610,400.00.

Travelzoo Price Performance

TZOO traded down $0.91 during trading hours on Friday, hitting $11.53. 193,282 shares of the stock were exchanged, compared to its average volume of 122,169. The stock has a market cap of $129.65 million, a price-to-earnings ratio of 10.78 and a beta of 1.41. The stock has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $17.26. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85.

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Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. During the same period in the previous year, the business posted $0.23 EPS. Sell-side analysts expect that Travelzoo will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reduced their price target on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th.

Hedge Funds Weigh In On Travelzoo

Institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Travelzoo during the 3rd quarter valued at approximately $35,000. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the third quarter valued at $134,000. Jane Street Group LLC acquired a new position in shares of Travelzoo during the third quarter valued at $298,000. XTX Topco Ltd grew its position in shares of Travelzoo by 103.5% during the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider's stock worth $305,000 after acquiring an additional 12,854 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of Travelzoo in the 3rd quarter worth about $138,000. 27.39% of the stock is owned by institutional investors.

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.