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

Azul S.A. (NYSE:AZUL - Get Free Report) saw some unusual options trading on Monday. Traders purchased 14,088 call options on the company. This represents an increase of approximately 198% compared to the typical volume of 4,722 call options.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AZUL. Raymond James cut their price target on Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group reduced their price target on shares of Azul from $2.70 to $2.40 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, Seaport Res Ptn cut Azul from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.67.

Azul Stock Performance

Shares of AZUL traded down $0.01 during midday trading on Monday, hitting $0.72. The company had a trading volume of 2,014,056 shares, compared to its average volume of 2,643,525. The company's 50-day simple moving average is $1.56 and its 200-day simple moving average is $2.03. The firm has a market capitalization of $304.80 million, a P/E ratio of -0.10 and a beta of 1.88. Azul has a 1 year low of $0.48 and a 1 year high of $6.64.

Hedge Funds Weigh In On Azul

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.