Azul Target of Unusually Large Options Trading (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) saw unusually large options trading on Thursday. Stock investors acquired 4,760 put options on the stock. This is an increase of 163% compared to the average volume of 1,810 put options.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group lowered their target price on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Raymond James reduced their target price on Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Azul currently has an average rating of “Hold” and an average target price of $5.40.

Institutional Investors Weigh In On Azul

Hedge funds have recently modified their holdings of the business. Creative Planning bought a new position in Azul during the third quarter worth $35,000. Trellis Wealth Advisors LLC bought a new position in shares of Azul during the 4th quarter worth about $32,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Azul during the 4th quarter worth about $42,000. Two Sigma Securities LLC raised its position in shares of Azul by 44.6% during the fourth quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after buying an additional 9,038 shares during the last quarter. Finally, Inspire Advisors LLC lifted its stake in shares of Azul by 16.6% in the fourth quarter. Inspire Advisors LLC now owns 48,168 shares of the company’s stock valued at $80,000 after buying an additional 6,844 shares during the period. 0.82% of the stock is owned by institutional investors.

Azul Stock Up 6.1 %

Shares of NYSE:AZUL opened at $1.84 on Friday. The company has a market cap of $773.58 million, a price-to-earnings ratio of -0.26 and a beta of 1.98. The business has a 50 day moving average price of $2.03 and a 200 day moving average price of $2.44. Azul has a twelve month low of $1.57 and a twelve month high of $8.73.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.