AutoZone, Inc. (NYSE:AZO) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,718 shares of the company’s stock after selling 4 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in AutoZone were worth $11,021,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of AutoZone by 22.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 717 shares of the company’s stock worth $2,126,000 after acquiring an additional 130 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of AutoZone by 7.2% during the second quarter. Ieq Capital LLC now owns 880 shares of the company’s stock valued at $2,609,000 after purchasing an additional 59 shares during the last quarter. Brighton Jones LLC boosted its position in shares of AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the period. Intech Investment Management LLC increased its stake in AutoZone by 10.5% in the 2nd quarter. Intech Investment Management LLC now owns 5,288 shares of the company’s stock worth $15,674,000 after purchasing an additional 501 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new stake in AutoZone during the 2nd quarter worth about $4,002,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

AutoZone stock opened at $3,020.66 on Friday. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The company’s fifty day moving average price is $3,105.66 and its two-hundred day moving average price is $3,010.75. The company has a market capitalization of $51.60 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71.

Analysts Set New Price Targets

Several research analysts have commented on AZO shares. Guggenheim lifted 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. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a research report on Wednesday, June 26th. Evercore ISI reduced their target price on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a report on Friday. Wedbush reiterated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Thursday. Finally, StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and a consensus target price of $3,129.44.

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.