AutoZone, Inc. $AZO Stock Position Lifted by Swedbank AB

Swedbank AB lifted its holdings in AutoZone, Inc. (NYSE:AZO) by 51.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,602 shares of the company’s stock after purchasing an additional 8,747 shares during the quarter. Swedbank AB owned 0.15% of AutoZone worth $95,041,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaCore Capital LLC bought a new position in shares of AutoZone in the first quarter worth $27,000. Saudi Central Bank bought a new position in AutoZone during the first quarter valued at about $27,000. Financial Network Wealth Advisors LLC boosted its stake in AutoZone by 66.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 10 shares of the company’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in AutoZone during the first quarter valued at about $44,000. Finally, Clearstead Trust LLC bought a new position in AutoZone during the first quarter valued at about $46,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE AZO opened at $4,125.51 on Friday. The firm has a market cap of $69.23 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.22 and a beta of 0.41. The business’s 50-day simple moving average is $4,025.68 and its 200-day simple moving average is $3,794.14. AutoZone, Inc. has a 52 week low of $2,898.57 and a 52 week high of $4,388.11.

Insider Transactions at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the sale, the vice president owned 2,925 shares of the company’s stock, valued at $11,337,007.50. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. DA Davidson upped their target price on AutoZone from $4,192.00 to $4,850.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Cowen reaffirmed a “buy” rating on shares of AutoZone in a report on Thursday. The Goldman Sachs Group set a $3,811.00 target price on AutoZone in a report on Friday, May 23rd. UBS Group upped their target price on AutoZone from $4,260.00 to $4,925.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $4,000.00 price objective (up from $3,750.00) on shares of AutoZone in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, AutoZone presently has an average rating of “Buy” and a consensus target price of $4,368.95.

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.