Harel Insurance Investments & Financial Services Ltd. Buys 260 Shares of AutoZone, Inc. (NYSE:AZO)

Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,607 shares of the company's stock after acquiring an additional 260 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in AutoZone were worth $6,127,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AZO. GAMMA Investing LLC lifted its stake in AutoZone by 435,031.1% in the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock valued at $2,936,535,000 after acquiring an additional 770,005 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of AutoZone by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock valued at $1,039,421,000 after purchasing an additional 17,518 shares during the last quarter. Norges Bank bought a new stake in AutoZone in the fourth quarter worth $834,556,000. Deutsche Bank AG boosted its holdings in AutoZone by 14.6% in the fourth quarter. Deutsche Bank AG now owns 204,822 shares of the company's stock worth $655,840,000 after purchasing an additional 26,036 shares in the last quarter. Finally, Northern Trust Corp increased its position in AutoZone by 22.0% during the fourth quarter. Northern Trust Corp now owns 204,748 shares of the company's stock worth $655,603,000 after buying an additional 36,916 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 27,500 shares of the company's stock in a transaction dated 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 transaction, the chairman directly owned 8,546 shares in the company, valued at approximately $31,696,515.78. This represents a 76.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 406 shares in the company, valued at $1,460,434.78. This trade represents a 64.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,662 shares of company stock worth $131,999,089. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AZO shares. JPMorgan Chase & Co. boosted their price target on AutoZone from $3,830.00 to $4,350.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. The Goldman Sachs Group set a $3,811.00 target price on AutoZone in a report on Friday, May 23rd. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets reissued an "outperform" rating and issued a $4,100.00 price target (up previously from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, AutoZone currently has a consensus rating of "Buy" and a consensus price target of $4,087.00.

AutoZone Trading Down 0.5%

AZO traded down $18.34 on Friday, hitting $3,667.00. 84,768 shares of the stock traded hands, compared to its average volume of 130,305. The business has a fifty day moving average price of $3,700.47 and a two-hundred day moving average price of $3,541.64. The firm has a market capitalization of $61.53 billion, a PE ratio of 24.82, a P/E/G ratio of 2.25 and a beta of 0.39. AutoZone, Inc. has a 52 week low of $2,801.49 and a 52 week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $36.69 EPS. On average, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS 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.