Shares of AutoZone Inc. (NYSE:AZO) saw strong trading volume on Wednesday . 183,113 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 168,132 shares.The stock last traded at $775.81 and had previously closed at $788.88.

A number of analysts have commented on the company. Zacks Investment Research downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Jefferies Group started coverage on AutoZone in a research report on Thursday, May 26th. They set a “hold” rating for the company. BTIG Research started coverage on AutoZone in a research report on Wednesday, June 1st. They set a “buy” rating and a $900.00 target price for the company. Argus restated a “buy” rating on shares of AutoZone in a research report on Monday, May 2nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $820.00 target price on shares of AutoZone in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $846.58.

The company has a market capitalization of $22.72 billion and a price-to-earnings ratio of 19.74. The company has a 50 day moving average price of $799.38 and a 200 day moving average price of $778.72.

In other AutoZone news, insider Thomas B. Newbern sold 16,870 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the completion of the sale, the insider now directly owns 15,977 shares in the company, valued at $12,778,724.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Albert Saltiel sold 1,650 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $807.52, for a total value of $1,332,408.00. Following the sale, the vice president now owns 1,734 shares of the company’s stock, valued at $1,400,239.68. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in AZO. Advisors Asset Management Inc. boosted its stake in AutoZone by 1.5% in the fourth quarter. Advisors Asset Management Inc. now owns 2,981 shares of the company’s stock valued at $2,212,000 after buying an additional 45 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in AutoZone by 2.2% in the fourth quarter. I.G. Investment Management LTD. now owns 12,100 shares of the company’s stock valued at $8,977,000 after buying an additional 257 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in AutoZone by 19.9% in the fourth quarter. BlackRock Advisors LLC now owns 51,587 shares of the company’s stock valued at $38,273,000 after buying an additional 8,570 shares during the last quarter.

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

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