AutoZone, Inc. (NYSE:AZO) Stock Holdings Cut by ING Groep NV

ING Groep NV cut its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 98.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 70 shares of the company's stock after selling 3,727 shares during the quarter. ING Groep NV's holdings in AutoZone were worth $267,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in AutoZone during the fourth quarter worth about $29,000. Cornerstone Planning Group LLC bought a new position in shares of AutoZone during the 1st quarter valued at about $44,000. Minot DeBlois Advisors LLC bought a new position in shares of AutoZone during the 4th quarter valued at about $45,000. Tradewinds Capital Management LLC grew its stake in shares of AutoZone by 30.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock worth $50,000 after purchasing an additional 3 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of AutoZone by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 14 shares of the company's stock worth $53,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 750 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the transaction, the senior vice president directly owned 406 shares of the company's stock, valued at $1,460,434.78. This represents a 64.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard Craig Smith sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the transaction, the vice president owned 2,925 shares in the company, valued at approximately $11,337,007.50. This trade represents a 50.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,862 shares of company stock worth $126,058,789 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Performance

Shares of NYSE AZO opened at $4,081.22 on Thursday. The business has a 50 day simple moving average of $3,723.59 and a 200 day simple moving average of $3,631.82. AutoZone, Inc. has a 52 week low of $2,898.57 and a 52 week high of $4,094.69. The stock has a market cap of $68.48 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.39 and a beta of 0.38.

AutoZone (NYSE:AZO - Get Free Report) last posted its 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). AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same quarter last year, the firm earned $36.69 earnings per share. AutoZone's revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on AZO shares. Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the stock an "overweight" rating in a report on Monday, May 19th. Bank of America raised AutoZone from a "neutral" rating to a "buy" rating and upped their target price for the company from $3,900.00 to $4,800.00 in a report on Wednesday, May 21st. Raymond James Financial reiterated a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group set a $3,811.00 price objective on AutoZone in a report on Friday, May 23rd. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $4,087.00.

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.

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