AutoZone, Inc. (NYSE:AZO) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 59.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,292 shares of the company's stock after acquiring an additional 480 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in AutoZone were worth $3,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in AutoZone during the third quarter worth $25,000. Rock Creek Group LP bought a new stake in shares of AutoZone in the third quarter valued at about $25,000. First Capital Advisors Group LLC. bought a new position in AutoZone during the second quarter worth about $32,000. Mascoma Wealth Management LLC bought a new position in AutoZone during the third quarter worth about $38,000. Finally, MUFG Americas Holdings Corp lifted its stake in AutoZone by 166.7% during the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company's stock worth $34,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a research note on Friday. Wedbush raised their price target on shares of AutoZone from $2,950.00 to $3,400.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. DA Davidson raised their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Finally, Mizuho began coverage on shares of AutoZone in a report on Tuesday, March 19th. They issued a "buy" rating and a $3,450.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of "Moderate Buy" and an average price target of $3,089.61.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is available at this link. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Grant E. Mcgee sold 693 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the completion of the sale, the vice president now owns 251 shares of the company's stock, valued at $666,189.14. The disclosure for this sale can be found here. Insiders sold a total of 19,583 shares of company stock worth $60,056,012 over the last three months. 2.50% of the stock is owned by company insiders.

AutoZone Trading Down 1.5 %

NYSE:AZO traded down $44.44 on Friday, hitting $2,962.32. The company had a trading volume of 147,791 shares, compared to its average volume of 131,568. The stock has a market capitalization of $51.31 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.47 and a beta of 0.70. The firm has a 50 day moving average of $2,988.35 and a two-hundred day moving average of $2,746.30. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating the consensus estimate of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the firm earned $24.64 EPS. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts forecast that AutoZone, Inc. will post 151.98 EPS for the current year.

About AutoZone

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.