Kapitalo Investimentos Ltda grew its holdings in Azul S.A. (NYSE:AZUL - Free Report) by 505.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 538,861 shares of the company's stock after purchasing an additional 449,855 shares during the period. Azul makes up 0.6% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 13th largest position. Kapitalo Investimentos Ltda owned 0.13% of Azul worth $900,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Trellis Wealth Advisors LLC purchased a new position in shares of Azul during the fourth quarter worth $32,000. Arrowstreet Capital Limited Partnership acquired a new position in Azul during the 4th quarter worth about $42,000. Two Sigma Securities LLC boosted its holdings 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 during the period. Inspire Advisors LLC grew its position in Azul by 16.6% in the 4th quarter. Inspire Advisors LLC now owns 48,168 shares of the company's stock valued at $80,000 after acquiring an additional 6,844 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Azul during the fourth quarter worth about $87,000. 0.82% of the stock is currently owned by hedge funds and other institutional investors.
Azul Trading Up 5.8 %
NYSE:AZUL traded up $0.04 during trading hours on Friday, hitting $0.73. The company's stock had a trading volume of 8,846,935 shares, compared to its average volume of 2,644,664. Azul S.A. has a 52-week low of $0.48 and a 52-week high of $6.64. The stock has a market capitalization of $307.83 million, a P/E ratio of -0.10 and a beta of 1.59. The stock has a fifty day moving average of $1.56 and a 200-day moving average of $2.04.
Analysts Set New Price Targets
AZUL has been the subject of several recent research reports. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased 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, Raymond James cut their price objective on Azul from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.67.
Check Out Our Latest Analysis on Azul
Azul Company Profile
(
Free Report)
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.
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