Mn Services Vermogensbeheer B.V. Trims Position in AutoZone, Inc. (NYSE:AZO)

Mn Services Vermogensbeheer B.V. reduced its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 7.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,400 shares of the company's stock after selling 500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in AutoZone were worth $24,402,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AZO. GAMMA Investing LLC boosted its stake in AutoZone by 435,031.1% in the 1st quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock worth $2,936,535,000 after purchasing an additional 770,005 shares in the last quarter. Proficio Capital Partners LLC lifted its stake 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 buying an additional 419,375 shares during the period. Norges Bank purchased a new stake in shares of AutoZone during the fourth quarter valued at $834,556,000. Strategic Financial Concepts LLC acquired a new position in shares of AutoZone in the 4th quarter valued at $471,629,000. Finally, Wealthfront Advisers LLC raised its stake in AutoZone by 6,083.9% in the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock worth $290,281,000 after acquiring an additional 89,190 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other news, VP Domingo Hurtado sold 4,800 shares of the company'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 of the company's stock, valued at $581,940. This represents a 96.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the transaction, the vice president now owns 2,924 shares in the company, valued at $10,555,640. The trade was a 49.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,762 shares of company stock worth $147,189,762. 2.10% of the stock is owned by corporate insiders.

AutoZone Trading Down 1.2%

AZO traded down $42.58 during midday trading on Monday, hitting $3,600.02. 146,762 shares of the company traded hands, compared to its average volume of 129,059. The business has a 50 day simple moving average of $3,695.70 and a two-hundred day simple moving average of $3,511.41. AutoZone, Inc. has a 52-week low of $2,801.49 and a 52-week high of $3,916.81. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.86 and a beta of 0.40.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on AZO shares. Argus cut AutoZone from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Truist Financial set a $3,995.00 price objective on shares of AutoZone in a research note on Friday, May 23rd. Wells Fargo & Company set a $4,200.00 price objective on shares of AutoZone and gave the company an "overweight" rating in a report on Monday, May 19th. 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 report on Wednesday, March 5th. Finally, Wall Street Zen raised shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone presently has an average rating of "Buy" and an average target price of $4,072.24.

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.