AutoZone, Inc. (NYSE:AZO) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 83.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111 shares of the company's stock after selling 562 shares during the period. OneDigital Investment Advisors LLC's holdings in AutoZone were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in AZO. Franklin Resources Inc. increased its stake in AutoZone by 18.1% in the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company's stock valued at $141,717,000 after purchasing an additional 6,898 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company's stock valued at $111,455,000 after buying an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC raised its stake in AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock worth $8,460,000 after acquiring an additional 26 shares in the last quarter. Barclays PLC lifted its position in AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock valued at $545,033,000 after acquiring an additional 77,015 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in AutoZone by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock valued at $211,383,000 after acquiring an additional 7,586 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Wall Street Analyst Weigh In

AZO has been the subject of several research reports. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. Raymond James reissued a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. The Goldman Sachs Group raised shares of AutoZone from a "sell" rating to a "neutral" rating and lifted their target price for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Evercore ISI increased their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company lifted their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $3,724.00.

Insider Activity at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. This represents a 25.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the completion of the transaction, the chief executive officer now directly owns 163 shares of the company's stock, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,521 shares of company stock valued at $42,177,331. Insiders own 2.10% of the company's stock.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,606.04 on Monday. The firm has a market capitalization of $60.52 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. The business's 50 day simple moving average is $3,591.32 and its 200-day simple moving average is $3,362.38. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current 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.

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