# Afya Limited (AFYA)

> Source: Nexqual · https://nexqual.com/AFYA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Afya Limited (AFYA), nexqual.com/AFYA" · informational, not investment advice.

**Price:** USD 14.91 (+0.07% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 14.9 · day 14.78–15.07 · 52w 11.62–16.16 · market cap $1.32B · NMS

## Key facts
- 1 of 80 tracked superinvestors hold AFYA (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 11 Form 4 filings, $2.8M; 11 not under a Rule 10b5-1 plan ($2.8M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (8 analysts), mean target USD 17.3 (range 15.19–19.64).
- Total return with dividends: 1Y +3.5% vs S&P 500 +14.9%; 5Y -9.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 1.92, revenue estimate $1.00B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold AFYA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $761K | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 11 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-05 | Ferreira Santos Welder | Controller | 4,161 | $55K | 10.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Junior Lelio De Souza | Vice President | 36,204 | $543K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-26 | Basolli Gomiero Mirella | Vice President | 10,000 | $148K | 22.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-26 | Junior Lelio De Souza | Vice President | 41,541 | $623K | 53.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-17 | Ferreira Santos Welder | Controller | 3,325 | $53K | 8.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-13 | Grifo De Sousa Anibal Jose | VP Legal, Comp., & Gov Rel. | 14,000 | $216K | 31.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-09 | Junior Lelio De Souza | Vice President | 16,279 | $237K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-08 | Blanco Luis Andre Carpintero | Chief Financial Officer | 10,000 | $152K | 16.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-07 | Junior Lelio De Souza | Vice President | 26,753 | $400K | 62.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-07 | Grifo De Sousa Anibal Jose | VP Legal, Comp., & Gov Rel. | 5,000 | $76K | 10% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-02…2026-04-06 | Gibbon Virgilio Deloy Capobianco | Chief Executive Officer | 21,670 | $324K | 6.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 8 analysts; mean target USD 17.3 (low 15.19, high 19.64).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | JP Morgan | Upgrade | Neutral → Overweight | $21 → $19 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +3.5% | -9.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +3.5% | -1.9% |
| Volatility (annualized) | 30.6% | 39.9% |
| Max drawdown | -25.5% (Apr 2026→Sep 2026) | -45.3% (Oct 2021→Jul 2022) |

## Peers (Education & Training Services)
COUR (Coursera, Inc.) USD 5.07 +2.01% · UTI (Universal Technical Institute I) USD 21.66 +4.13% · STRA (Strategic Education, Inc.) USD 81.59 +2.56% · APEI (American Public Education, Inc.) USD 48.86 +2.26% · PXED (Phoenix Education Partners, Inc) USD 24.57 +3.85% · PRDO (Perdoceo Education Corporation) USD 33.82 +3.14%

## More
Full page: https://nexqual.com/AFYA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.92 | $1.91 | +0.7% | $1.00B | 3 |
| Next quarter (ends 2026-12-31) | $1.85 | $1.90 | -2.5% | $989.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $9.07 | $9.14 | -0.7% | $3.98B | 4 |
| Next fiscal year (ends 2027-12-31) | $10.13 | $10.21 | -0.8% | $4.26B | 6 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-03-19 (includes earnings 2026-11-12): ±34.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2027-03-19 | 147 | 64.6% | ±34.2% |