Azul Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AZULB N?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	15,628,230	4.5%
Public Companies	26,995,316	7.77%
Private Companies	27,635,919	7.95%
General Public	71,969,369	20.7%
Institutions	205,407,854	59.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 70.85% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.77%	United Airlines Holdings, Inc.	26,995,316	Mex$895.3m	0%	no data
6.34%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	22,045,957	Mex$731.2m	0%	0.01%
5%	Frontier Capital Management Co LLC	17,373,312	Mex$576.2m	27.6%	0.26%
4.84%	BlackRock, Inc.	16,828,364	Mex$558.1m	-0.97%	no data
4.79%	Ameriprise Financial Inc, Asset Management Arm	16,639,204	Mex$551.8m	0%	5.63%
4.65%	FMR LLC	16,148,217	Mex$535.6m	0%	no data
4.54%	Capital Research and Management Company	15,774,042	Mex$523.1m	0%	no data
4.5%	David Neeleman	15,628,230	Mex$518.3m	0%	no data
3.08%	The Vanguard Group, Inc.	10,707,583	Mex$355.1m	-0.68%	no data
2.9%	Kadon Empreendimentos S.A.	10,067,536	Mex$333.9m	0%	no data
2.9%	Crescera Investimentos	10,067,536	Mex$333.9m	0%	89.39%
2.29%	J O Hambro Capital Management Limited	7,952,010	Mex$263.7m	-1.66%	0.09%
2.07%	Trip Participacoes S.A.	7,195,107	Mex$238.6m	0%	no data
1.86%	Long Focus Capital Management LLC	6,477,000	Mex$214.8m	46.9%	1.25%
1.67%	Kapitalo Investimentos Ltda.	5,811,294	Mex$192.7m	38.7%	0.6%
1.6%	Trip Investimentos Ltda.	5,553,498	Mex$184.2m	0%	no data
1.58%	Brookfield Corporation	5,492,550	Mex$182.2m	15.8%	0.03%
1.39%	Rio Novo Locações Ltda.	4,819,778	Mex$159.8m	0%	no data
1.27%	Moat Capital Gestao De Recursos Ltda	4,409,795	Mex$146.3m	15.2%	4.31%
1.27%	Morgan Stanley, Investment Banking and Brokerage Investments	4,406,835	Mex$146.2m	6.46%	no data
1.13%	Schonfeld Strategic Advisors LLC	3,938,016	Mex$130.6m	100%	0.05%
1.08%	Senator Investment Group LP	3,750,000	Mex$124.4m	-10.1%	0.29%
0.84%	Goldman Sachs Group, Investment Banking and Securities Investments	2,915,409	Mex$96.7m	74.9%	no data
0.77%	Voloridge Investment Management, LLC	2,690,709	Mex$89.2m	-23%	0.02%
0.75%	U.S. Global Investors, Inc.	2,624,394	Mex$87.0m	10.4%	0.28%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/06/12 22:09
End of Day Share Price	2024/03/15 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Azul S.A. is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Pablo Monsivais Mendoza	Barclays
Renato Ramos de Almeida Hallgren	BB Banco de Investimento S.A.
Rogerio Araujo	BofA Global Research