AutoZone, Inc. (NYSE:AZO) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 89.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26 shares of the company's stock after selling 222 shares during the period. AlphaQuest LLC's holdings in AutoZone were worth $83,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust purchased a new position in AutoZone in the 4th quarter valued at approximately $61,000. McIlrath & Eck LLC grew its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in AutoZone during the 4th quarter valued at $67,000. Finally, Providence First Trust Co acquired a new stake in AutoZone during the 4th quarter valued at $80,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AutoZone

In other news, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the sale, the vice president now directly owns 417 shares of the company's stock, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value 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. Insiders have sold 4,721 shares of company stock valued at $17,009,311 over the last three months. 2.10% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AZO shares. JPMorgan Chase & Co. increased their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Morgan Stanley increased their target price on AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Argus cut AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Truist Financial increased their target price on AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, Bank of America increased their target price on AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, AutoZone presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,683.36.

AutoZone Trading Up 0.9 %

NYSE:AZO traded up $32.50 during mid-day trading on Friday, hitting $3,605.88. The company had a trading volume of 208,657 shares, compared to its average volume of 126,390. The business has a fifty day simple moving average of $3,433.28 and a 200-day simple moving average of $3,258.73. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43. The firm has a market capitalization of $60.51 billion, a price-to-earnings ratio of 24.09, a PEG 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 company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone Company 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.