Tidal Investments LLC Has $3.76 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Tidal Investments LLC raised its holdings in AutoZone, Inc. (NYSE:AZO) by 38.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,192 shares of the company’s stock after purchasing an additional 332 shares during the quarter. Tidal Investments LLC’s holdings in AutoZone were worth $3,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in AutoZone by 39.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 387 shares of the company’s stock worth $1,147,000 after buying an additional 109 shares in the last quarter. Blue Trust Inc. grew its stake in shares of AutoZone by 428.6% during the second quarter. Blue Trust Inc. now owns 37 shares of the company’s stock valued at $117,000 after purchasing an additional 30 shares during the last quarter. Raymond James & Associates increased its holdings in shares of AutoZone by 4.6% in the second quarter. Raymond James & Associates now owns 40,217 shares of the company’s stock valued at $119,207,000 after purchasing an additional 1,777 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in AutoZone by 5.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,228 shares of the company’s stock worth $54,030,000 after purchasing an additional 914 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in AutoZone by 20.0% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 180 shares of the company’s stock worth $534,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insiders Place Their Bets

In related news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This represents a 48.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 in the last quarter. 2.10% of the stock is currently owned by insiders.

AutoZone Stock Up 0.9 %

Shares of NYSE:AZO opened at $3,370.27 on Friday. The firm has a market cap of $56.97 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,510.00 and a 12 month high of $3,416.71. The company’s fifty day simple moving average is $3,155.07 and its 200 day simple moving average is $3,066.94.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $32.55 earnings per share. Research analysts expect that AutoZone, Inc. will post 154.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the subject of several research reports. Evercore ISI lifted their target price on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday. BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. BMO Capital Markets began coverage on shares of AutoZone in a research note on Friday. They set an “outperform” rating and a $3,700.00 price target for the company. Finally, UBS Group lifted their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,360.47.

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.