Jump Financial LLC Has $2.07 Million Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Jump Financial LLC trimmed its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 66.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,917 shares of the company's stock after selling 67,330 shares during the quarter. Jump Financial LLC owned approximately 0.06% of Advance Auto Parts worth $2,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Advance Auto Parts by 190.0% in the fourth quarter. Allworth Financial LP now owns 406 shares of the company's stock valued at $25,000 after purchasing an additional 266 shares during the period. Principal Securities Inc. acquired a new position in Advance Auto Parts in the 4th quarter valued at about $27,000. Larson Financial Group LLC raised its stake in Advance Auto Parts by 264.6% during the 3rd quarter. Larson Financial Group LLC now owns 689 shares of the company's stock valued at $39,000 after acquiring an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Advance Auto Parts by 594.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 840 shares of the company's stock worth $47,000 after acquiring an additional 719 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Advance Auto Parts in the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 88.75% of the company's stock.

Insider Activity at Advance Auto Parts

In other news, Director Carla Jean Bailo bought 310 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $81.19 per share, with a total value of $25,168.90. Following the purchase, the director now owns 5,789 shares of the company's stock, valued at approximately $470,008.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Brent Windom acquired 4,700 shares of the company's stock in a transaction dated Wednesday, March 27th. The stock was bought at an average price of $85.34 per share, with a total value of $401,098.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $853,400. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carla Jean Bailo acquired 310 shares of the company's stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $81.19 per share, with a total value of $25,168.90. Following the purchase, the director now owns 5,789 shares in the company, valued at $470,008.91. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts Price Performance

NYSE:AAP traded up $0.29 during trading hours on Tuesday, reaching $75.59. 1,127,007 shares of the company traded hands, compared to its average volume of 1,711,312. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.20 and a quick ratio of 0.29. The firm's 50-day moving average is $78.07 and its 200-day moving average is $66.59. The stock has a market cap of $4.51 billion, a P/E ratio of 102.15, a P/E/G ratio of 1.36 and a beta of 1.20. Advance Auto Parts, Inc. has a 1-year low of $47.73 and a 1-year high of $122.73.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The company had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the prior year, the business posted $2.88 EPS. The company's revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts expect that Advance Auto Parts, Inc. will post 3.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on AAP. Barclays upped their price target on Advance Auto Parts from $56.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. TheStreet upgraded Advance Auto Parts from a "d+" rating to a "c-" rating in a research note on Monday, January 22nd. Truist Financial upped their price target on Advance Auto Parts from $60.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Mizuho began coverage on Advance Auto Parts in a research note on Tuesday, March 19th. They set a "neutral" rating and a $78.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Advance Auto Parts from $55.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $64.56.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.