Vident Advisory LLC Has $4.41 Million Position in AutoZone, Inc. (NYSE:AZO)

Vident Advisory LLC raised its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 24.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,378 shares of the company's stock after buying an additional 268 shares during the quarter. Vident Advisory LLC's holdings in AutoZone were worth $4,414,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in AutoZone by 271.0% in the fourth quarter. Tidal Investments LLC now owns 4,422 shares of the company's stock valued at $14,159,000 after buying an additional 3,230 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of AutoZone by 13.9% during the fourth quarter. Toronto Dominion Bank now owns 7,136 shares of the company's stock valued at $22,848,000 after purchasing an additional 871 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in shares of AutoZone by 630.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,577 shares of the company's stock valued at $5,050,000 after purchasing an additional 1,361 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of AutoZone during the fourth quarter valued at about $288,000. Finally, Rafferty Asset Management LLC raised its stake in shares of AutoZone by 9.7% during the fourth quarter. Rafferty Asset Management LLC now owns 1,694 shares of the company's stock valued at $5,424,000 after purchasing an additional 150 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent analyst reports. Evercore ISI set a $3,950.00 price objective on shares of AutoZone in a research note on Monday, May 19th. Morgan Stanley boosted their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. Wedbush reiterated an "outperform" rating and issued a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price target on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Buy" and an average target price of $3,966.76.

Insider Buying and Selling at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at $619,401.63. The trade was a 92.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock valued at $42,177,331 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Stock Performance

AZO traded down $29.62 during trading on Friday, reaching $3,829.63. The company had a trading volume of 151,200 shares, compared to its average volume of 128,584. The firm's 50-day simple moving average is $3,687.30 and its 200 day simple moving average is $3,446.78. The company has a market cap of $64.27 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. On average, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

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.