Endurance Wealth Management Inc. cut its holdings in AutoZone, Inc. (NYSE:AZO) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140 shares of the company’s stock after selling 1,850 shares during the period. Endurance Wealth Management Inc.’s holdings in AutoZone were worth $100,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of AZO. Nordea Investment Management AB increased its stake in shares of AutoZone by 44.9% in the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock worth $585,917,000 after purchasing an additional 318,188 shares during the period. Koch Industries Inc. bought a new position in shares of AutoZone in the second quarter worth about $297,000. JPMorgan Chase & Co. increased its stake in shares of AutoZone by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock worth $764,272,000 after purchasing an additional 282,939 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of AutoZone in the third quarter worth about $141,811,000. Finally, Ameriprise Financial Inc. increased its stake in shares of AutoZone by 802.6% in the third quarter. Ameriprise Financial Inc. now owns 236,396 shares of the company’s stock worth $140,681,000 after purchasing an additional 210,205 shares during the period. Institutional investors and hedge funds own 99.35% of the company’s stock.

In other news, Chairman William C. Rhodes III sold 26,500 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $701.84, for a total value of $18,598,760.00. Following the sale, the chairman now directly owns 11,464 shares in the company, valued at approximately $8,045,893.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip B. Daniele sold 740 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $780.37, for a total value of $577,473.80. Following the completion of the sale, the insider now owns 1,058 shares in the company, valued at $825,631.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,460 shares of company stock worth $68,105,451. Corporate insiders own 2.60% of the company’s stock.

A number of equities analysts have recently commented on AZO shares. Deutsche Bank lifted their price objective on AutoZone from $625.00 to $700.00 in a research note on Thursday, December 7th. Jefferies Group reiterated a “hold” rating and issued a $720.00 price objective on shares of AutoZone in a research note on Wednesday, December 6th. Zacks Investment Research lowered AutoZone from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and issued a $590.00 price objective on shares of AutoZone in a research note on Friday, October 27th. Finally, Citigroup lifted their price objective on AutoZone to $820.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $734.56.

AutoZone, Inc. (AZO) opened at $784.79 on Friday. AutoZone, Inc. has a 12 month low of $491.13 and a 12 month high of $791.64. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. The stock has a market capitalization of $21,555.82, a PE ratio of 17.52, a P/E/G ratio of 1.27 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the company posted $9.36 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts anticipate that AutoZone, Inc. will post 47.25 EPS for the current fiscal year.

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AutoZone Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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