AutoZone, Inc. (NYSE:AZO) Shares Acquired by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 170.6% in the second quarter, Holdings Channel reports. The firm owned 1,970 shares of the company’s stock after acquiring an additional 1,242 shares during the period. AutoZone accounts for 1.4% of Napean Trading & Investment Co Singapore PTE Ltd’s investment portfolio, making the stock its 26th biggest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in AutoZone were worth $5,839,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AZO. Private Advisor Group LLC increased its position in shares of AutoZone by 37.1% in the fourth quarter. Private Advisor Group LLC now owns 680 shares of the company’s stock worth $1,758,000 after acquiring an additional 184 shares in the last quarter. Principal Securities Inc. purchased a new stake in AutoZone during the 4th quarter worth $471,000. Cary Street Partners Investment Advisory LLC increased its holdings in AutoZone by 977.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 97 shares of the company’s stock valued at $251,000 after purchasing an additional 88 shares in the last quarter. Dana Investment Advisors Inc. raised its position in AutoZone by 1.0% in the fourth quarter. Dana Investment Advisors Inc. now owns 1,038 shares of the company’s stock valued at $2,684,000 after purchasing an additional 10 shares during the period. Finally, NBC Securities Inc. lifted its stake in shares of AutoZone by 2.0% during the fourth quarter. NBC Securities Inc. now owns 357 shares of the company’s stock worth $923,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.5 %

Shares of AutoZone stock opened at $3,092.56 on Friday. The business has a 50-day moving average price of $3,058.29 and a 200 day moving average price of $2,998.94. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The firm has a market cap of $52.83 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.60 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AZO shares. Evercore ISI lowered their target price on AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Truist Financial dropped their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Wolfe Research reduced their target price on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd. Oppenheimer reaffirmed a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Finally, Morgan Stanley cut their price objective on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating on the stock in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,112.71.

AutoZone 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.