Nippon Life Global Investors Americas Inc. decreased its stake in AutoZone, Inc. (NYSE:AZO – Free Report) by 21.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,330 shares of the company’s stock after selling 930 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in AutoZone were worth $9,870,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Rise Advisors LLC acquired a new stake in shares of AutoZone during the 1st quarter worth approximately $32,000. Riverview Trust Co purchased a new stake in shares of AutoZone during the 1st quarter worth about $41,000. Meeder Asset Management Inc. grew its position in shares of AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of AutoZone in the 2nd quarter valued at about $50,000. Finally, ORG Partners LLC acquired a new position in AutoZone in the 2nd quarter worth about $50,000. 92.74% of the stock is owned by institutional investors and hedge funds.
AutoZone Stock Down 0.6 %
Shares of NYSE:AZO opened at $3,020.66 on Monday. AutoZone, Inc. has a 52-week low of $2,375.35 and a 52-week high of $3,256.37. The stock has a market cap of $51.60 billion, a P/E ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71. The business has a fifty day moving average of $3,105.66 and a two-hundred day moving average of $3,010.09.
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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.
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