AutoZone, Inc. (NYSE:AZO) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its stake in AutoZone, Inc. (NYSE:AZO) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,953 shares of the company’s stock after selling 347 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in AutoZone were worth $20,609,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of AutoZone by 1.7% in the first quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after purchasing an additional 6,226 shares during the period. PineStone Asset Management Inc. boosted its holdings in AutoZone by 137.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after buying an additional 179,543 shares during the last quarter. Parnassus Investments LLC boosted its holdings in AutoZone by 32.0% in the 4th quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock worth $629,780,000 after buying an additional 58,989 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in AutoZone by 11.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 212,831 shares of the company’s stock worth $550,296,000 after buying an additional 22,507 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of AutoZone by 4.1% during the first quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock valued at $643,641,000 after acquiring an additional 7,988 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on AZO shares. Wedbush reiterated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research report on Thursday. Guggenheim upped their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. 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 note on Friday. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer reissued a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a research note on Wednesday, June 26th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,117.12.

AutoZone Stock Down 0.8 %

NYSE:AZO opened at $3,016.89 on Friday. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37. The stock’s fifty day moving average is $3,105.66 and its two-hundred day moving average is $3,011.39. The company has a market capitalization of $51.54 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.45 and a beta of 0.71.

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.