Chevy Chase Trust Holdings LLC Sells 1,067 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Chevy Chase Trust Holdings LLC lowered its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,596 shares of the specialty retailer's stock after selling 1,067 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of O'Reilly Automotive worth $36,386,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ORLY. Benjamin Edwards Inc. increased its position in shares of O'Reilly Automotive by 6,406.3% in the third quarter. Benjamin Edwards Inc. now owns 3,123 shares of the specialty retailer's stock valued at $3,596,000 after buying an additional 3,075 shares in the last quarter. Erste Asset Management GmbH acquired a new position in O'Reilly Automotive during the third quarter worth about $11,460,000. L.M. Kohn & Company lifted its holdings in shares of O'Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock valued at $753,000 after purchasing an additional 9 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of O'Reilly Automotive by 405.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,826 shares of the specialty retailer's stock valued at $20,528,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Eventide Asset Management LLC increased its stake in shares of O'Reilly Automotive by 3.4% during the 3rd quarter. Eventide Asset Management LLC now owns 34,638 shares of the specialty retailer's stock worth $39,889,000 after purchasing an additional 1,147 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on ORLY shares. Roth Capital upgraded O'Reilly Automotive to a "strong-buy" rating in a research report on Tuesday, October 15th. DA Davidson reaffirmed a "buy" rating and set a $1,275.00 price target on shares of O'Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective 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. Truist Financial raised their price objective on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Morgan Stanley upped their target price on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,248.06.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded up $1.55 during midday trading on Tuesday, reaching $1,248.37. The stock had a trading volume of 124,187 shares, compared to its average volume of 373,149. The firm's fifty day simple moving average is $1,191.32 and its two-hundred day simple moving average is $1,110.24. O'Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.40. The firm has a market cap of $72.07 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 2.52 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $10.72 earnings per share. As a group, sell-side analysts predict that O'Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Activity

In other O'Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company's 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 sale, the senior vice president now owns 5 shares of the company's stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate 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.