Inspire Advisors LLC Grows Stock Holdings in Azul S.A. (NYSE:AZUL)

Inspire Advisors LLC lifted its holdings in Azul S.A. (NYSE:AZUL) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,168 shares of the company’s stock after acquiring an additional 6,844 shares during the quarter. Inspire Advisors LLC’s holdings in Azul were worth $80,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Azul during the 4th quarter worth about $117,000. Trellis Wealth Advisors LLC purchased a new stake in shares of Azul in the fourth quarter worth about $32,000. Van ECK Associates Corp boosted its stake in shares of Azul by 16.3% in the fourth quarter. Van ECK Associates Corp now owns 63,338 shares of the company’s stock worth $106,000 after buying an additional 8,899 shares during the last quarter. Perpetual Ltd grew its holdings in Azul by 5.1% during the fourth 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 during the period. Finally, XTX Topco Ltd purchased a new position in Azul during the third quarter valued at approximately $614,000. Hedge funds and other institutional investors own 0.82% of the company’s stock.

Azul Stock Performance

NYSE:AZUL opened at $1.76 on Friday. The stock has a market capitalization of $739.86 million, a PE ratio of -0.25 and a beta of 1.98. Azul S.A. has a fifty-two week low of $1.57 and a fifty-two week high of $8.73. The company has a fifty day moving average of $2.03 and a two-hundred day moving average of $2.45.

Analyst Ratings Changes

Several equities research analysts have commented on AZUL shares. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Raymond James lowered their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock 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, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Azul has a consensus rating of “Hold” and a consensus price target 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.