Trellis Wealth Advisors LLC Invests $32,000 in Azul S.A. (NYSE:AZUL)

Trellis Wealth Advisors LLC acquired a new position in Azul S.A. (NYSE:AZUL) during the 4th quarter, Holdings Channel reports. The firm acquired 19,442 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors have also recently made changes to their positions in AZUL. Perpetual Ltd increased its holdings in Azul by 5.1% in the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company’s stock worth $4,132,000 after acquiring an additional 119,023 shares in the last quarter. Jane Street Group LLC increased its holdings in Azul by 58.9% in the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after acquiring an additional 75,291 shares in the last quarter. Centiva Capital LP increased its holdings in Azul by 205.3% in the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after acquiring an additional 135,365 shares in the last quarter. XTX Topco Ltd purchased a new stake in Azul in the 3rd quarter worth approximately $614,000. Finally, Van ECK Associates Corp increased its holdings in Azul by 16.3% in the 4th quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock worth $106,000 after acquiring an additional 8,899 shares in the last quarter. Institutional investors own 0.82% of the company’s stock.

Azul Stock Performance

AZUL stock opened at $1.81 on Friday. The firm has a fifty day moving average price of $2.00 and a 200 day moving average price of $2.67. Azul S.A. has a fifty-two week low of $1.57 and a fifty-two week high of $8.73. The firm has a market cap of $760.93 million, a PE ratio of -0.25 and a beta of 2.00.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AZUL shares. Seaport Res Ptn raised shares of Azul from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th. Raymond James cut their price objective on shares of Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price objective on shares of Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Azul presently has a consensus rating of “Hold” and an average target price of $5.40.

Azul 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.