Voloridge Investment Management LLC Has $168.34 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Voloridge Investment Management LLC trimmed its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,572 shares of the company's stock after selling 13,238 shares during the quarter. AutoZone comprises approximately 0.6% of Voloridge Investment Management LLC's holdings, making the stock its 19th largest position. Voloridge Investment Management LLC owned 0.31% of AutoZone worth $168,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AZO. Headlands Technologies LLC acquired a new stake in shares of AutoZone in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of AutoZone in the fourth quarter worth $32,000. Harbour Investments Inc. lifted its stake in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after buying an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of AutoZone in the fourth quarter worth $45,000. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of AutoZone by 750.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock worth $54,000 after buying an additional 15 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 2.4%

Shares of AutoZone stock opened at $3,877.00 on Tuesday. The stock has a market capitalization of $65.06 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The company has a 50-day simple moving average of $3,664.99 and a 200 day simple moving average of $3,429.72. 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 announced its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Bank of America boosted their target price on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. StockNews.com raised shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Truist Financial boosted their target price on shares of AutoZone from $3,841.00 to $3,995.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $3,837.82.

Insider Buying and Selling

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the firm's 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 completion of the sale, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the completion of the sale, the vice president now owns 2,924 shares of the company's stock, valued at $10,555,640. The trade was a 49.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock worth $42,177,331 in the last quarter. 2.10% of the stock is owned by corporate insiders.

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.

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