Azul (AZUL)

• Market cap: $202M
• 1 day: -5.95%
• 5 days: -4.40%
• 1 month: -4.40%
• 3 months: 7.41%
• 6 months: -39.79%
• Year to date: -1.14%
• 1 year: -79.72%
• 5 years: -78.00%
• 10 years: -91.91%
• Sector: Industrials
• Industry: Air Transportation, Scheduled

About: Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies. The Company considers that it has a single reportable segment which is air transport.

Employees: 15,367

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

0.63% less ownership

Funds ownership: 4.38% [Q3] → 3.75% (-0.63%) [Q4]

9% less funds holding

Funds holding: 67 [Q3] → 61 (-6) [Q4]

19% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 21

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

38% less call options, than puts

Call options by funds: $3.63M | Put options by funds: $5.87M

57% less capital invested

Capital invested by funds: $51M [Q3] → $21.8M (-$29.2M) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2.70 55% upside
• Avg. target: $3.85 121% upside
• High target: $5 187% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Raymond James Savanthi Syth 13% 1-year accuracy 2 / 16 met price target	187% upside $5	Outperform Maintained	4 Feb 2025
Goldman Sachs Bruno Amorim 40% 1-year accuracy 2 / 5 met price target	55% upside $2.70	Neutral Maintained	16 Jan 2025