Maxi Investments CY Ltd Buys Shares of 265 AutoZone, Inc. (NYSE:AZO)

Maxi Investments CY Ltd bought a new stake in AutoZone, Inc. (NYSE:AZO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 265 shares of the company’s stock, valued at approximately $1,010,000.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of AutoZone by 435,031.1% during the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company’s stock worth $2,936,535,000 after acquiring an additional 770,005 shares during the last quarter. Barclays PLC raised its position in shares of AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company’s stock worth $545,033,000 after acquiring an additional 77,015 shares during the last quarter. Northern Trust Corp raised its position in shares of AutoZone by 22.0% during the fourth quarter. Northern Trust Corp now owns 204,748 shares of the company’s stock worth $655,603,000 after acquiring an additional 36,916 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AutoZone during the fourth quarter worth about $95,480,000. Finally, Deutsche Bank AG raised its position in shares of AutoZone by 14.6% during the fourth quarter. Deutsche Bank AG now owns 204,822 shares of the company’s stock worth $655,840,000 after acquiring an additional 26,036 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AZO. Morgan Stanley restated an “overweight” rating and set a $4,000.00 price objective (up from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Wells Fargo & Company set a $4,200.00 price objective on AutoZone and gave the stock an “overweight” rating in a research report on Monday, May 19th. Truist Financial set a $3,995.00 target price on AutoZone in a report on Friday, May 23rd. Mizuho lifted their target price on AutoZone from $3,740.00 to $4,050.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Finally, Oppenheimer upgraded AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 target price for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $4,087.00.

Insiders Place Their Bets

In related news, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the sale, the chairman directly owned 8,546 shares in the company, valued at approximately $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction 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 in the company, valued at $11,337,007.50. This trade represents a 50.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,862 shares of company stock valued at $126,058,789. 2.10% of the stock is owned by insiders.

AutoZone Stock Up 2.8%

Shares of NYSE:AZO opened at $3,967.24 on Tuesday. The stock has a market cap of $66.57 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.30 and a beta of 0.38. AutoZone, Inc. has a 12-month low of $2,898.57 and a 12-month high of $3,972.19. The business’s 50 day moving average is $3,710.34 and its 200 day moving average is $3,626.01.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $36.69 earnings per share. As a group, equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone Company 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.