Banco Bilbao Vizcaya Argentaria S.A. Sells 1,460 Shares of AutoZone, Inc. (NYSE:AZO)

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,109 shares of the company's stock after selling 1,460 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in AutoZone were worth $16,344,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AZO. Proficio Capital Partners LLC lifted its position in shares of AutoZone by 482,040.2% during the fourth 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. Price T Rowe Associates Inc. MD lifted its holdings in AutoZone by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock worth $1,039,421,000 after purchasing an additional 17,518 shares during the period. Norges Bank acquired a new stake in shares of AutoZone in the 4th quarter worth approximately $834,556,000. PineStone Asset Management Inc. increased its position in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after purchasing an additional 13,771 shares during the period. Finally, Barclays PLC lifted its holdings in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock valued at $545,033,000 after buying an additional 77,015 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Up 0.3 %

Shares of AutoZone stock traded up $11.51 during trading hours on Wednesday, reaching $3,716.46. 22,441 shares of the company's stock were exchanged, compared to its average volume of 131,390. The company has a 50 day moving average of $3,601.66 and a two-hundred day moving average of $3,368.15. The stock has a market cap of $62.37 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on 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 directly owns 417 shares in the company, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock valued at $42,177,331. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on AZO. Bank of America boosted their target price on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. DA Davidson raised AutoZone from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Truist Financial boosted their target price on AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Evercore ISI upped their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, UBS Group upped their price target on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, AutoZone has a consensus rating of "Buy" and an average target price of $3,724.00.

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.