Virtus ETF Advisers LLC bought a new position in shares of AutoZone, Inc. (NYSE:AZO) in the 2nd quarter, HoldingsChannel reports. The fund bought 25 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently made changes to their positions in AZO. BlackRock Inc. lifted its position in shares of AutoZone by 1.7% during the first quarter. BlackRock Inc. now owns 1,916,950 shares of the company’s stock worth $1,963,187,000 after purchasing an additional 32,263 shares in the last quarter. FMR LLC raised its holdings in AutoZone by 2.7% in the first quarter. FMR LLC now owns 1,441,475 shares of the company’s stock valued at $1,476,243,000 after acquiring an additional 38,062 shares in the last quarter. Investec Asset Management LTD raised its holdings in AutoZone by 157.0% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the company’s stock valued at $271,780,000 after acquiring an additional 396,216 shares in the last quarter. Geode Capital Management LLC raised its holdings in AutoZone by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 353,880 shares of the company’s stock valued at $296,182,000 after acquiring an additional 14,661 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in AutoZone by 2.5% in the second quarter. Northern Trust Corp now owns 324,399 shares of the company’s stock valued at $356,668,000 after acquiring an additional 7,959 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

In related news, insider Domingo Hurtado sold 1,050 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $1,132.52, for a total transaction of $1,189,146.00. Following the completion of the transaction, the insider now owns 1,050 shares of the company’s stock, valued at $1,189,146. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Earl G. Graves, Jr. sold 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,077.04, for a total value of $538,520.00. Following the transaction, the director now directly owns 4,607 shares of the company’s stock, valued at approximately $4,961,923.28. The disclosure for this sale can be found here. In the last three months, insiders sold 4,350 shares of company stock valued at $4,863,666. Company insiders own 2.80% of the company’s stock.

Several analysts recently weighed in on the stock. Citigroup raised their target price on shares of AutoZone from $1,234.00 to $1,357.00 and gave the company a “buy” rating in a report on Friday. ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Goldman Sachs Group began coverage on AutoZone in a report on Thursday, July 11th. They issued a “neutral” rating and a $1,183.00 price target for the company. CIBC upgraded AutoZone from a “market perform” rating to an “outperform” rating in a report on Friday, June 28th. Finally, Oppenheimer upgraded AutoZone from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $900.00 to $1,225.00 in a report on Friday, June 28th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. AutoZone presently has a consensus rating of “Buy” and a consensus price target of $1,068.94.

Shares of NYSE:AZO traded down $10.45 on Monday, hitting $1,138.81. The company’s stock had a trading volume of 9,016 shares, compared to its average volume of 248,026. AutoZone, Inc. has a 12 month low of $705.01 and a 12 month high of $1,186.60. The company has a market capitalization of $27.69 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.41 and a beta of 0.65. The stock’s 50-day moving average is $1,104.98 and its two-hundred day moving average is $1,061.30.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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