AutoZone, Inc. (NYSE:AZO) Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,450 shares of the company's stock after buying an additional 145 shares during the quarter. Union Bancaire Privee UBP SA's holdings in AutoZone were worth $12,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Colonial Trust Co SC grew its holdings in shares of AutoZone by 24.5% during the fourth quarter. Colonial Trust Co SC now owns 61 shares of the company's stock worth $197,000 after buying an additional 12 shares in the last quarter. Comerica Bank grew its holdings in shares of AutoZone by 5.4% during the fourth quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after buying an additional 217 shares in the last quarter. Barclays PLC boosted its position in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after acquiring an additional 77,015 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of AutoZone by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after acquiring an additional 7,586 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of AutoZone by 41.1% in the fourth quarter. Russell Investments Group Ltd. now owns 73,044 shares of the company's stock worth $233,718,000 after acquiring an additional 21,266 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AutoZone news, VP Domingo Hurtado sold 4,800 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at $581,940. The trade was a 96.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman William C. Rhodes III sold 27,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the sale, the chairman now owns 8,546 shares of the company's stock, valued at approximately $31,696,515.78. The trade was a 76.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,762 shares of company stock worth $147,189,762. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AZO shares. Wells Fargo & Company set a $4,200.00 target price on shares of AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised their target price on shares of AutoZone from $3,830.00 to $4,350.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Roth Mkm raised their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Raymond James reissued a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $4,072.24.

AutoZone Price Performance

Shares of NYSE:AZO traded down $49.13 during midday trading on Friday, reaching $3,634.34. The company had a trading volume of 119,857 shares, compared to its average volume of 128,988. The stock's fifty day moving average price is $3,695.70 and its 200-day moving average price is $3,511.41. The stock has a market capitalization of $60.99 billion, a P/E ratio of 24.28, a PEG ratio of 1.86 and a beta of 0.40. AutoZone, Inc. has a one year low of $2,801.49 and a one year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $36.69 EPS. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current 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.