Sivia Capital Partners LLC Invests $356,000 in AutoZone, Inc. $AZO

Sivia Capital Partners LLC acquired a new position in AutoZone, Inc. (NYSE:AZO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 96 shares of the company's stock, valued at approximately $356,000.

A number of other hedge funds have also recently made changes to their positions in the business. Pallas Capital Advisors LLC boosted its stake in shares of AutoZone by 12.5% in the second quarter. Pallas Capital Advisors LLC now owns 63 shares of the company's stock worth $234,000 after acquiring an additional 7 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of AutoZone by 3.0% in the second quarter. Aaron Wealth Advisors LLC now owns 138 shares of the company's stock worth $512,000 after acquiring an additional 4 shares during the period. Westmount Partners LLC bought a new position in shares of AutoZone in the second quarter worth about $256,000. Czech National Bank lifted its position in shares of AutoZone by 6.1% in the second quarter. Czech National Bank now owns 4,089 shares of the company's stock worth $15,179,000 after buying an additional 235 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of AutoZone by 7,358.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 243,231 shares of the company's stock worth $902,929,000 after buying an additional 239,970 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Analysts Set New Price Targets

AZO has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on AutoZone from $4,250.00 to $4,500.00 and gave the stock an "outperform" rating in a research report on Thursday. Guggenheim boosted their target price on AutoZone from $3,850.00 to $4,100.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. UBS Group boosted their target price on AutoZone from $4,260.00 to $4,925.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Roth Capital set a $4,135.00 target price on AutoZone and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. upped their price objective on AutoZone from $4,200.00 to $4,850.00 and gave the company an "overweight" rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $4,368.95.

Insider Activity at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the transaction, the vice president owned 2,925 shares of the company's stock, valued at approximately $11,337,007.50. This represents a 50.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.10% of the company's stock.

AutoZone Price Performance

Shares of AZO stock opened at $4,125.51 on Friday. The company has a market cap of $69.23 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.41. The stock's 50 day simple moving average is $4,025.68 and its two-hundred day simple moving average is $3,794.14. AutoZone, Inc. has a 1 year low of $2,898.57 and a 1 year high of $4,388.11.

About AutoZone

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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