AutoZone, Inc. (NYSE:AZO) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,497 shares of the company's stock after selling 169 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in AutoZone were worth $11,140,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the third quarter valued at approximately $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone in the fourth quarter valued at approximately $61,000. McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% in the third 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 position in shares of AutoZone in the fourth quarter valued at approximately $67,000. Finally, Providence First Trust Co acquired a new position in shares of AutoZone in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 92.74% of the company's stock.

Insiders Place Their Bets

In other news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the transaction, the senior vice president now directly owns 403 shares of the company's stock, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 50 shares of the company's stock, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,871 shares of company stock valued at $6,720,811 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

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AutoZone Stock Performance

Shares of AZO stock traded down $22.67 on Wednesday, hitting $3,591.60. The stock had a trading volume of 134,588 shares, compared to its average volume of 126,591. The firm has a market capitalization of $60.27 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.86 and a beta of 0.71. The stock's 50 day moving average is $3,415.14 and its 200-day moving average is $3,250.39. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,704.43.

AutoZone (NYSE:AZO - Get Free Report) last announced 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 analysts' expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. Equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AZO shares. Guggenheim boosted their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. DA Davidson upped their price target on shares of AutoZone from $3,350.00 to $3,500.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Bank of America upped their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Mizuho upped their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, AutoZone currently has an average rating of "Moderate Buy" and an average price target of $3,651.91.

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.