AutoZone, Inc. (NYSE:AZO) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602 shares of the company's stock after buying an additional 494 shares during the quarter. Mizuho Securities USA LLC's holdings in AutoZone were worth $5,130,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AZO. Flagship Wealth Advisors LLC purchased a new position in shares of AutoZone in the 4th quarter worth $32,000. Harbour Investments Inc. lifted its holdings in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares during the last quarter. Crews Bank & Trust bought a new position in shares of AutoZone in the 4th quarter valued at about $61,000. McIlrath & Eck LLC grew its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in AutoZone during the fourth quarter worth approximately $67,000. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the transaction, the vice president now owns 2,924 shares of the company's stock, valued at approximately $10,555,640. The trade was a 49.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AZO shares. Wells Fargo & Company raised their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Bank of America raised their price objective on AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Raymond James restated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Finally, Morgan Stanley increased their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Moderate Buy" and an average price target of $3,683.36.

AutoZone Price Performance

AutoZone stock traded up $17.67 during trading hours on Tuesday, hitting $3,675.49. 110,518 shares of the stock traded hands, compared to its average volume of 126,328. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43. The firm's 50 day moving average price is $3,441.73 and its 200-day moving average price is $3,263.12. The stock has a market capitalization of $61.68 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. Research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.