OneDigital Investment Advisors LLC Reduces Position in AutoZone, Inc. (NYSE:AZO)

OneDigital Investment Advisors LLC cut its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111 shares of the company's stock after selling 562 shares during the quarter. OneDigital Investment Advisors LLC's holdings in AutoZone were worth $355,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC grew 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 buying an additional 419,375 shares during the period. Norges Bank acquired a new stake in AutoZone in the fourth quarter valued at approximately $834,556,000. PineStone Asset Management Inc. grew its stake in AutoZone by 6.9% in the fourth 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 during the period. Barclays PLC raised its position in shares of AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after purchasing an additional 77,015 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in shares of AutoZone by 35.6% in the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company's stock worth $522,211,000 after purchasing an additional 42,776 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Up 0.6 %

Shares of NYSE AZO traded up $23.17 during midday trading on Friday, hitting $3,756.09. The company's stock had a trading volume of 77,261 shares, compared to its average volume of 132,051. The firm has a market capitalization of $63.03 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.86 and a beta of 0.54. The stock has a fifty day moving average price of $3,623.06 and a 200 day moving average price of $3,381.10. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results 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 business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the topic of several research reports. Truist Financial upped their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Evercore ISI raised their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Morgan Stanley boosted their price objective on AutoZone from $3,490.00 to $3,750.00 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. Finally, StockNews.com upgraded AutoZone from a "hold" rating to a "buy" rating in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, AutoZone has an average rating of "Buy" and a consensus target price of $3,814.91.

Insiders Place Their Bets

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now owns 50 shares of the company's stock, valued at $177,500. This trade represents a 76.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock worth $42,177,331 in the last quarter. 2.10% of the stock is owned by company insiders.

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.