Numerai GP LLC Has $2.53 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Numerai GP LLC decreased its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 791 shares of the company's stock after selling 391 shares during the period. AutoZone accounts for 0.7% of Numerai GP LLC's portfolio, making the stock its 25th largest position. Numerai GP LLC's holdings in AutoZone were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in AZO. Headlands Technologies LLC bought a new stake in shares of AutoZone in the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in AutoZone during the 4th quarter valued at $32,000. Harbour Investments Inc. raised its stake in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in AutoZone during the 4th quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. raised its stake in AutoZone by 750.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after acquiring an additional 15 shares in 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 business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was 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 in the company, valued at $581,940. The trade was a 96.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares of the company's stock, valued at approximately $619,401.63. This represents a 92.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,521 shares of company stock worth $42,177,331. Company insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

AZO has been the topic of several recent analyst reports. UBS Group lifted their target price on AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Oppenheimer raised AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 target price on the stock in a research note on Friday, May 2nd. Roth Capital set a $3,763.00 target price on AutoZone in a research note on Wednesday, March 5th. Finally, DA Davidson raised AutoZone from a "neutral" rating to a "buy" rating and lifted their target price for the company from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $3,821.91.

AutoZone Trading Up 0.6%

Shares of NYSE AZO traded up $21.61 during mid-day trading on Friday, hitting $3,779.98. The company had a trading volume of 161,315 shares, compared to its average volume of 130,553. The company has a market capitalization of $63.44 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The firm has a 50-day simple moving average of $3,658.37 and a two-hundred day simple moving average of $3,417.80. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced 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 company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal 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.