Bank Pictet & Cie Europe AG Boosts Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank Pictet & Cie Europe AG lifted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,291 shares of the specialty retailer's stock after purchasing an additional 1,208 shares during the quarter. Bank Pictet & Cie Europe AG owned approximately 0.06% of O'Reilly Automotive worth $41,848,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC purchased a new position in shares of O'Reilly Automotive during the fourth quarter worth about $30,000. Darwin Wealth Management LLC purchased a new position in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $32,000. Trifecta Capital Advisors LLC increased its holdings in shares of O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of O'Reilly Automotive during the third quarter worth approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of O'Reilly Automotive during the third quarter worth $41,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ORLY shares. StockNews.com raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Royal Bank of Canada boosted their target price on O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Barclays raised their price target on O'Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. TD Cowen upped their price objective on O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, BMO Capital Markets raised their target price on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and a consensus price target of $1,390.81.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of O'Reilly Automotive stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at $364,375. The trade was a 64.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,968 shares of company stock worth $2,492,394. 1.18% of the stock is owned by insiders.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded down $0.02 during mid-day trading on Wednesday, hitting $1,295.80. 233,017 shares of the company were exchanged, compared to its average volume of 333,813. O'Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27. The company has a market capitalization of $74.81 billion, a P/E ratio of 31.87, a PEG ratio of 2.35 and a beta of 0.94. The business's 50 day simple moving average is $1,251.64 and its two-hundred day simple moving average is $1,198.92.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Equities research analysts predict that O'Reilly Automotive, Inc. will post 44.01 earnings per share for the current year.

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.