Azul (NYSE:AZUL) Shares Gap Up to $6.04

Azul S.A. (NYSE:AZUL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.04, but opened at $6.22. Azul shares last traded at $6.01, with a volume of 1,580,226 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AZUL. Raymond James reiterated an “outperform” rating and issued a $12.00 price target (down from $13.00) on shares of Azul in a research note on Monday. Barclays dropped their price target on Azul from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Azul Trading Up 0.3 %

The company has a 50-day moving average of $7.57 and a 200-day moving average of $8.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its position in Azul by 3.0% during the 1st quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock worth $196,134,000 after purchasing an additional 374,935 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in Azul by 296.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 4,384,995 shares of the company’s stock worth $31,353,000 after acquiring an additional 3,280,010 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of Azul by 551.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,339,760 shares of the company’s stock valued at $14,296,000 after buying an additional 1,980,852 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Azul by 293.1% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,040,666 shares of the company’s stock valued at $7,441,000 after buying an additional 775,936 shares during the period. Finally, U S Global Investors Inc. grew its stake in shares of Azul by 23.9% in the 3rd quarter. U S Global Investors Inc. now owns 892,462 shares of the company’s stock valued at $7,666,000 after buying an additional 172,348 shares during the period. 0.82% of the stock is owned by institutional investors.

About Azul

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.