Stock Traders Purchase Large Volume of Put Options on Azul (NYSE:AZUL)

Azul S.A. (NYSE:AZUL - Get Free Report) was the recipient of some unusual options trading on Friday. Stock investors bought 4,013 put options on the company. This is an increase of approximately 72% compared to the average daily volume of 2,334 put options.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Raymond James dropped their price objective 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 dropped their price target 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. Finally, Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Azul has a consensus rating of "Hold" and a consensus target price of $5.36.

Azul Stock Up 0.3 %

AZUL stock traded up $0.01 during midday trading on Wednesday, reaching $1.53. The company had a trading volume of 442,342 shares, compared to its average volume of 1,830,522. The firm has a market capitalization of $642.90 million, a PE ratio of -0.21 and a beta of 1.59. The stock has a 50 day moving average price of $1.75 and a 200 day moving average price of $2.23. Azul has a fifty-two week low of $1.37 and a fifty-two week high of $6.64.

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Institutional Investors Weigh In On Azul

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock worth $699,000 after acquiring an additional 75,291 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Azul during the fourth quarter valued at approximately $117,000. Arrowstreet Capital Limited Partnership acquired a new stake in Azul in the fourth quarter worth about $42,000. Perpetual Ltd lifted its stake in Azul by 5.1% during the fourth quarter. Perpetual Ltd now owns 2,473,976 shares of the company's stock valued at $4,132,000 after purchasing an additional 119,023 shares during the last quarter. Finally, Inspire Advisors LLC raised its position in Azul by 16.6% during the fourth 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. 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.