Azul (NYSE:AZUL) Shares Down 5.1% – Time to Sell?

Azul S.A. (NYSE:AZUL) shares fell 5.1% on Friday . The stock traded as low as $1.76 and last traded at $1.76. 922,539 shares were traded during trading, a decline of 52% from the average session volume of 1,903,588 shares. The stock had previously closed at $1.85.

Analyst Ratings Changes

Several brokerages have recently issued reports on AZUL. Raymond James decreased their price objective on Azul from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group decreased their price target on Azul from $3.10 to $2.70 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Seaport Res Ptn cut shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Azul presently has a consensus rating of “Hold” and an average target price of $5.40.

Azul Price Performance

The firm has a market cap of $739.86 million, a price-to-earnings ratio of -0.25 and a beta of 1.98. The business has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $2.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AZUL. Two Sigma Investments LP grew its holdings in shares of Azul by 17.1% during the fourth quarter. Two Sigma Investments LP now owns 191,019 shares of the company’s stock worth $319,000 after buying an additional 27,949 shares in the last quarter. Kapitalo Investimentos Ltda boosted its position in Azul by 505.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 538,861 shares of the company’s stock worth $900,000 after acquiring an additional 449,855 shares during the last quarter. Two Sigma Securities LLC grew its stake in Azul by 44.6% during the 4th quarter. Two Sigma Securities LLC now owns 29,311 shares of the company’s stock valued at $49,000 after acquiring an additional 9,038 shares in the last quarter. Long Focus Capital Management LLC raised its holdings in Azul by 18.0% in the 4th quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company’s stock valued at $9,908,000 after acquiring an additional 905,463 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Azul during the fourth quarter worth $87,000. 0.82% of the stock is owned by institutional investors and hedge funds.

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.