Paralel Advisors LLC Has $2.15 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Paralel Advisors LLC trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 725 shares of the company’s stock after selling 53 shares during the period. Paralel Advisors LLC’s holdings in AutoZone were worth $2,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AZO. SG Americas Securities LLC boosted its holdings in AutoZone by 35.3% in the first quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock worth $11,138,000 after purchasing an additional 922 shares in the last quarter. Sei Investments Co. raised its stake in shares of AutoZone by 60.7% in the 1st quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock valued at $70,326,000 after acquiring an additional 8,427 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in AutoZone by 12.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company’s stock worth $11,059,000 after purchasing an additional 401 shares during the last quarter. Parnassus Investments LLC boosted its position in AutoZone by 32.0% during the fourth quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock worth $629,780,000 after purchasing an additional 58,989 shares during the period. Finally, Peak Financial Advisors LLC acquired a new position in AutoZone during the second quarter valued at approximately $2,816,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Down 1.5 %

NYSE:AZO traded down $48.61 during mid-day trading on Friday, hitting $3,092.56. The company’s stock had a trading volume of 107,600 shares, compared to its average volume of 141,520. The company has a market capitalization of $52.83 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.60 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The stock has a fifty day moving average of $3,058.29 and a 200-day moving average of $2,998.94.

Wall Street Analysts Forecast Growth

AZO has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. UBS Group decreased their price target on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Mizuho dropped their price objective on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Truist Financial decreased their target price on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Wolfe Research dropped their price target on 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. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3,112.71.

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.