Nebula Research & Development LLC Buys 517 Shares of AutoZone, Inc. (NYSE:AZO)

Nebula Research & Development LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 511.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 618 shares of the company's stock after acquiring an additional 517 shares during the quarter. Nebula Research & Development LLC's holdings in AutoZone were worth $1,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AZO. Headlands Technologies LLC purchased a new stake in shares of AutoZone during the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone during the fourth quarter worth about $32,000. Harbour Investments Inc. raised its position in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the period. Crews Bank & Trust purchased a new position in AutoZone in the fourth quarter valued at about $61,000. Finally, McIlrath & Eck LLC grew its position in shares of 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 acquiring an additional 4 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AZO has been the topic of a number of research reports. Mizuho lifted their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. UBS Group boosted their target price on AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Barclays increased their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Evercore ISI lifted their target price 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, Roth Mkm boosted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone currently has an average rating of "Buy" and a consensus price target of $3,724.00.

AutoZone Stock Up 2.4 %

Shares of NYSE:AZO traded up $86.44 during trading on Tuesday, hitting $3,704.35. The stock had a trading volume of 111,338 shares, compared to its average volume of 131,810. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The company has a market capitalization of $62.17 billion, a PE ratio of 24.75, a PEG ratio of 1.86 and a beta of 0.54. The firm's fifty day moving average is $3,595.74 and its 200 day moving average is $3,365.80.

AutoZone (NYSE:AZO - Get Free Report) last announced 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). The firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity at AutoZone

In related news, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares of the company's stock, valued at $581,940. This trade represents a 96.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 50 shares of the company's stock, 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 sold a total of 11,521 shares of company stock valued at $42,177,331 in the last three months. Company insiders own 2.10% of the company's stock.

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.