AutoZone, Inc. (NYSE:AZO) Shares Bought by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd increased its holdings in AutoZone, Inc. (NYSE:AZO) by 16.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,622 shares of the company’s stock after acquiring an additional 520 shares during the period. AutoZone makes up about 2.9% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 13th largest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in AutoZone were worth $11,598,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Proficio Capital Partners LLC lifted its stake in AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after acquiring an additional 419,375 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in AutoZone during the fourth quarter worth about $471,629,000. Wealthfront Advisers LLC lifted its position in shares of AutoZone by 6,083.9% during the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company’s stock worth $290,281,000 after purchasing an additional 89,190 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of AutoZone in the fourth quarter valued at approximately $189,483,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the subject of several recent research reports. Argus cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Truist Financial lifted their target price on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Wedbush reaffirmed an “outperform” rating and issued a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Wells Fargo & Company raised their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus price target of $3,683.36.

Insider Buying and Selling

In other AutoZone news, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the transaction, the vice president now owns 2,924 shares in the company, valued at $10,555,640. This trade represents a 49.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,721 shares of company stock valued at $17,009,311. Insiders own 2.10% of the company’s stock.

AutoZone Price Performance

Shares of AZO opened at $3,605.88 on Monday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,704.43. The firm has a 50 day simple moving average of $3,433.28 and a 200-day simple moving average of $3,259.40. The stock has a market cap of $60.51 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. On average, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone 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.