Ieq Capital LLC Acquires 59 Shares of AutoZone, Inc. (NYSE:AZO)

Ieq Capital LLC grew its holdings in AutoZone, Inc. (NYSE:AZO) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 880 shares of the company’s stock after buying an additional 59 shares during the quarter. Ieq Capital LLC’s holdings in AutoZone were worth $2,609,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC boosted its holdings in AutoZone by 4.8% in the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after acquiring an additional 4 shares in the last quarter. Mather Group LLC. boosted its stake in shares of AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. increased its position in shares of AutoZone by 4.3% during the second quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after buying an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in AutoZone by 14.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after buying an additional 4 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in AutoZone by 4.1% in the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after buying an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

AZO stock opened at $3,020.66 on Friday. The stock has a market capitalization of $51.60 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $2,375.35 and a 1-year high of $3,256.37. The business has a fifty day moving average price of $3,105.66 and a 200-day moving average price of $3,010.75.

Analyst Ratings Changes

A number of research firms have weighed in on AZO. Evercore ISI reduced their target price on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday. Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a research note on Wednesday, June 26th. Wedbush reissued an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a research report on Thursday. Guggenheim upped their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,129.44.

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.