YHB Investment Advisors Inc. Grows Stock Position in AutoZone, Inc. (NYSE:AZO)

YHB Investment Advisors Inc. grew its position in AutoZone, Inc. (NYSE:AZO) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 738 shares of the company’s stock after acquiring an additional 17 shares during the quarter. YHB Investment Advisors Inc.’s holdings in AutoZone were worth $2,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of AutoZone by 205.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 468 shares of the company’s stock valued at $1,210,000 after purchasing an additional 315 shares during the last quarter. Merit Financial Group LLC acquired a new stake in AutoZone during the fourth quarter worth $215,000. Axxcess Wealth Management LLC increased its stake in AutoZone by 7.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 512 shares of the company’s stock worth $1,324,000 after acquiring an additional 37 shares during the last quarter. Avidian Wealth Solutions LLC acquired a new stake in AutoZone during the fourth quarter worth $248,000. Finally, Summit Trail Advisors LLC increased its stake in AutoZone by 3.8% during the fourth quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock worth $283,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,181.48 on Tuesday. The business’s 50 day simple moving average is $3,043.44 and its 200-day simple moving average is $2,989.23. The firm has a market capitalization of $54.34 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.60 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of research reports. Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Barclays decreased their price target on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Citigroup decreased their price target on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Truist Financial decreased their price target on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, Mizuho decreased their price target on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus 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.