Azul (NYSE:AZUL) Stock Price Down 9.4% - Should You Sell?

Azul S.A. (NYSE:AZUL - Get Free Report)'s share price was down 9.4% during mid-day trading on Tuesday . The stock traded as low as $1.49 and last traded at $1.50. Approximately 1,898,457 shares were traded during trading, an increase of 3% from the average daily volume of 1,837,347 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

AZUL has been the subject of a number of research reports. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Raymond James lowered their target price on 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 lowered their price objective on shares of Azul from $2.70 to $2.40 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Azul currently has a consensus rating of "Hold" and a consensus target price of $4.67.

Azul Stock Up 0.2 %

The firm has a 50 day moving average price of $1.73 and a 200-day moving average price of $2.19. The stock has a market capitalization of $650.48 million, a PE ratio of -0.22 and a beta of 1.59.

Institutional Investors Weigh In On Azul

Several hedge funds have recently added to or reduced their stakes in AZUL. Long Focus Capital Management LLC raised its stake in shares of Azul by 18.0% during the 4th quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock worth $9,908,000 after buying an additional 905,463 shares during the period. Perpetual Ltd boosted its holdings in Azul by 5.1% during the 4th quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock valued at $4,132,000 after acquiring an additional 119,023 shares during the period. Kapitalo Investimentos Ltda grew its stake in shares of Azul by 505.4% in 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 in the last quarter. Jane Street Group LLC increased its holdings in Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock worth $699,000 after purchasing an additional 75,291 shares during the period. Finally, Two Sigma Investments LP raised its holdings 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 acquiring an additional 27,949 shares in the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

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.