Twin Tree Management LP Trims Position in AutoZone, Inc. (NYSE:AZO)

Twin Tree Management LP reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 518 shares of the company's stock after selling 1,549 shares during the period. Twin Tree Management LP's holdings in AutoZone were worth $1,659,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AZO. Geode Capital Management LLC increased its holdings in AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock worth $1,326,545,000 after purchasing an additional 7,365 shares in the last quarter. Proficio Capital Partners LLC increased its stake 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 valued at $1,343,117,000 after acquiring an additional 419,375 shares in the last quarter. PineStone Asset Management Inc. increased its stake in shares of AutoZone by 6.9% in the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after acquiring an additional 13,771 shares in the last quarter. Marshfield Associates lifted its position in shares of AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company's stock valued at $534,204,000 after acquiring an additional 796 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in AutoZone by 35.6% during the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company's stock worth $522,211,000 after acquiring an additional 42,776 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

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Insider Transactions at AutoZone

In other news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction 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 in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now owns 417 shares in the company, valued at $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,721 shares of company stock worth $17,009,311 in the last quarter. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

AZO has been the topic of several research reports. Morgan Stanley upped their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Evercore ISI upped their price target on AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Barclays raised their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Argus lowered AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Mizuho lifted their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. One investment 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 MarketBeat, AutoZone has an average rating of "Moderate Buy" and a consensus price target of $3,683.36.

AutoZone Stock Performance

NYSE:AZO traded up $32.50 during trading on Friday, reaching $3,605.88. The company's stock had a trading volume of 208,657 shares, compared to its average volume of 126,293. The firm has a market cap of $60.51 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The firm has a 50 day moving average of $3,433.28 and a 200-day moving average of $3,257.92.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities research analysts forecast 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.