O'Reilly Automotive, Inc. (NASDAQ:ORLY) Stock Position Lowered by Barclays PLC

Barclays PLC trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 33.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 182,109 shares of the specialty retailer's stock after selling 90,297 shares during the quarter. Barclays PLC owned 0.32% of O'Reilly Automotive worth $209,715,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in O'Reilly Automotive during the 3rd quarter worth $32,000. Trifecta Capital Advisors LLC lifted its position in shares of O'Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in O'Reilly Automotive in the third quarter worth about $37,000. Princeton Global Asset Management LLC bought a new stake in O'Reilly Automotive in the third quarter valued at about $41,000. Finally, Quarry LP raised its stake in O'Reilly Automotive by 109.1% during the second quarter. Quarry LP now owns 92 shares of the specialty retailer's stock valued at $97,000 after buying an additional 48 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded down $8.14 during midday trading on Friday, reaching $1,197.60. 308,156 shares of the company traded hands, compared to its average volume of 327,959. The stock has a 50-day moving average price of $1,222.65 and a 200 day moving average price of $1,156.73. The company has a market cap of $69.14 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.58 and a beta of 0.94. O'Reilly Automotive, Inc. has a 52 week low of $935.75 and a 52 week high of $1,283.96.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $4.42 billion. During the same period in the prior year, the company posted $10.72 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insider Activity

In related news, Director Andrea Weiss sold 600 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Wednesday, January 1st. Barclays boosted their target price on shares of O'Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an "equal weight" rating in a research note on Thursday. Morgan Stanley raised their price target on shares of O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Truist Financial boosted their price objective on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,270.69.

O'Reilly Automotive Profile

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.