Napean Trading & Investment Co Singapore PTE Ltd Buys 520 Shares of AutoZone, Inc. (NYSE:AZO)

Napean Trading & Investment Co Singapore PTE Ltd grew its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,622 shares of the company's stock after acquiring an additional 520 shares during the period. AutoZone comprises 2.9% of Napean Trading & Investment Co Singapore PTE Ltd's investment portfolio, making the stock its 13th biggest position. Napean Trading & Investment Co Singapore PTE Ltd's holdings in AutoZone were worth $11,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in AutoZone by 18.1% during 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. The Manufacturers Life Insurance Company raised its position in shares of AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock valued at $292,544,000 after purchasing an additional 60,483 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of AutoZone by 29.5% during 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 in the last quarter. Silverleafe Capital Partners LLC boosted its holdings in AutoZone by 1.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock worth $8,460,000 after buying an additional 26 shares during the period. Finally, Pensionfund Sabic grew its stake in AutoZone by 51.3% in the 4th quarter. Pensionfund Sabic now owns 590 shares of the company's stock valued at $1,889,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

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AutoZone Price Performance

AutoZone stock traded up $17.67 during mid-day trading on Tuesday, hitting $3,675.49. The company's stock had a trading volume of 135,248 shares, compared to its average volume of 126,257. The business has a 50 day moving average price of $3,450.75 and a 200-day moving average price of $3,267.24. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The stock has a market cap of $61.68 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $3.98 billion. On average, equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Dennis W. Leriche sold 1,575 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of the business's stock in a transaction dated 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 transaction, the vice president now owns 2,924 shares in the company, valued at approximately $10,555,640. This represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AZO shares. Wells Fargo & Company raised their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Argus lowered AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. TD Cowen boosted their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, BMO Capital Markets increased their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone has a consensus rating of "Moderate Buy" and an average price target of $3,683.36.

About AutoZone

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.