Banque Pictet & Cie SA Sells 843 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Banque Pictet & Cie SA trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,235 shares of the specialty retailer's stock after selling 843 shares during the period. Banque Pictet & Cie SA owned about 0.07% of O'Reilly Automotive worth $46,525,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of O'Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock valued at $1,986,874,000 after acquiring an additional 728,040 shares during the period. Geode Capital Management LLC grew its position in O'Reilly Automotive by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after purchasing an additional 24,135 shares in the last quarter. International Assets Investment Management LLC raised its stake in O'Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after purchasing an additional 853,633 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of O'Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of O'Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after buying an additional 482,670 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ORLY shares. Guggenheim upped their price target on O'Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a "buy" rating in a research report on Friday, February 7th. TD Cowen boosted their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Mizuho lifted their target price on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $1,390.81.

O'Reilly Automotive Stock Performance

NASDAQ ORLY traded down $22.98 during trading on Tuesday, hitting $1,295.82. The stock had a trading volume of 377,913 shares, compared to its average volume of 337,064. The company's 50-day moving average price is $1,251.05 and its two-hundred day moving average price is $1,197.80. 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 PE ratio of 31.87, a P/E/G ratio of 2.50 and a beta of 0.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maria Sastre sold 248 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the sale, the director now owns 971 shares in the company, valued at $1,278,001.07. The trade was a 20.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O'Reilly Automotive stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares in the company, valued at $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. In the last three months, insiders sold 1,968 shares of company stock worth $2,492,394. 1.55% of the stock is currently owned by company insiders.

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.