Apollon Wealth Management LLC Lowers Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Apollon Wealth Management LLC lowered its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,991 shares of the specialty retailer's stock after selling 451 shares during the period. Apollon Wealth Management LLC's holdings in O'Reilly Automotive were worth $4,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer's stock worth $5,739,462,000 after acquiring an additional 75,837 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of O'Reilly Automotive by 3.2% during the second quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer's stock worth $1,954,404,000 after acquiring an additional 57,194 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of O'Reilly Automotive by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer's stock worth $1,505,649,000 after acquiring an additional 19,211 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of O'Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock worth $1,180,259,000 after acquiring an additional 376,167 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of O'Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock worth $984,027,000 after acquiring an additional 853,633 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded up $8.87 during trading hours on Wednesday, reaching $1,245.72. The stock had a trading volume of 104,763 shares, compared to its average volume of 374,018. The company has a fifty day simple moving average of $1,165.19 and a 200-day simple moving average of $1,091.11. O'Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,252.54. The stock has a market cap of $71.92 billion, a PE ratio of 30.79, a PEG ratio of 2.51 and a beta of 0.92.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the business posted $10.72 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts predict that O'Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence P. Oreilly sold 13,765 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the sale, the director now owns 141,589 shares in the company, valued at $158,511,717.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other O'Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of O'Reilly Automotive stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the transaction, the director now owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Oreilly sold 1,000 shares of O'Reilly Automotive stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares of the company's stock, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock valued at $18,280,698 over the last quarter. Corporate insiders own 1.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORLY shares. Evercore ISI boosted their target price on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Roth Mkm reaffirmed a "buy" rating and issued a $1,337.00 price objective on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. Wedbush reaffirmed a "neutral" rating and issued a $1,200.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. Royal Bank of Canada upped their price objective on shares of O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,242.13.

About O'Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.