AutoZone, Inc. (NYSE:AZO) Stake Boosted by Xponance Inc.

Xponance Inc. grew its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,447 shares of the company’s stock after buying an additional 74 shares during the quarter. Xponance Inc.’s holdings in AutoZone were worth $13,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AZO. Rise Advisors LLC bought a new stake in AutoZone during the first quarter worth approximately $32,000. Riverview Trust Co acquired a new stake in shares of AutoZone during the first quarter worth approximately $41,000. Meeder Asset Management Inc. grew its position in AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in AutoZone in the 2nd quarter valued at approximately $50,000. Finally, ORG Partners LLC purchased a new stake in AutoZone in the 2nd quarter worth approximately $50,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Performance

AZO opened at $3,051.22 on Tuesday. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37. The firm has a market capitalization of $52.12 billion, a PE ratio of 21.10, a P/E/G ratio of 1.45 and a beta of 0.71. The company has a fifty day moving average price of $3,107.86 and a two-hundred day moving average price of $3,009.58.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AZO shares. Guggenheim raised their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a research note on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research note on Thursday, September 19th. Evercore ISI decreased their price target on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.