Jump Financial LLC Cuts Stock Position in AutoZone, Inc. (NYSE:AZO)

Jump Financial LLC decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207 shares of the company's stock after selling 218 shares during the quarter. Jump Financial LLC's holdings in AutoZone were worth $663,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of AutoZone by 482,040.2% in the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after purchasing an additional 419,375 shares during the last quarter. Norges Bank bought a new stake in AutoZone during the 4th quarter valued at about $834,556,000. Strategic Financial Concepts LLC bought a new stake in AutoZone during the 4th quarter valued at about $471,629,000. Wealthfront Advisers LLC raised its holdings in AutoZone by 6,083.9% in the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock worth $290,281,000 after buying an additional 89,190 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after buying an additional 77,015 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AZO. The Goldman Sachs Group upgraded shares of AutoZone from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Wells Fargo & Company boosted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Wedbush reiterated an "outperform" rating and issued a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Finally, Mizuho upped their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, AutoZone has an average rating of "Moderate Buy" and a consensus price target of $3,724.00.

Insiders Place Their Bets

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold 6,721 shares of company stock worth $24,609,331 in the last three months. 2.10% of the stock is owned by company insiders.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,676.16 on Wednesday. The company has a market capitalization of $61.69 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The firm's 50 day simple moving average is $3,580.35 and its two-hundred day simple moving average is $3,349.79.

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

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