MGO One Seven LLC Has $455,000 Stock Holdings in AutoZone, Inc. (NYSE:AZO)

MGO One Seven LLC boosted its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142 shares of the company's stock after buying an additional 71 shares during the period. MGO One Seven LLC's holdings in AutoZone were worth $455,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of AutoZone during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of AutoZone in the 4th quarter valued at about $32,000. Harbour Investments Inc. grew its position in AutoZone by 42.9% during 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 period. Crews Bank & Trust acquired a new stake in shares of AutoZone during the 4th quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC grew its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Stock Performance

Shares of AutoZone stock traded up $59.57 during trading on Wednesday, hitting $3,764.52. 159,767 shares of the stock were exchanged, compared to its average volume of 131,949. The stock has a market cap of $63.18 billion, a PE ratio of 25.15, a P/E/G ratio of 1.86 and a beta of 0.54. The stock's fifty day moving average is $3,601.66 and its 200 day moving average is $3,368.15. 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 posted its quarterly earnings data 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 the consensus estimate of $3.98 billion. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Transactions at AutoZone

In related news, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the sale, the chief executive officer now directly owns 163 shares in the company, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the sale, the senior vice president now owns 403 shares of the company's stock, valued at approximately $1,430,682.24. This represents a 25.23 % decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Argus downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley lifted 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 note on Wednesday, March 5th. Wedbush restated an "outperform" rating and set a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Finally, StockNews.com upgraded AutoZone from a "hold" rating to a "buy" rating in a research note on Monday. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $3,724.00.

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.