Destination Wealth Management Acquires New Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Destination Wealth Management acquired a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,049 shares of the specialty retailer's stock, valued at approximately $15,027,000.

Several other hedge funds also recently bought and sold shares of the business. Asset Dedication LLC raised its stake in shares of O'Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer's stock valued at $178,000 after acquiring an additional 9 shares in the last quarter. Marks Group Wealth Management Inc raised its position in O'Reilly Automotive by 1.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer's stock valued at $697,000 after purchasing an additional 9 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of O'Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock worth $132,000 after buying an additional 9 shares during the period. Metis Global Partners LLC grew its position in shares of O'Reilly Automotive by 0.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer's stock worth $2,145,000 after buying an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company increased its stake in shares of O'Reilly Automotive by 1.4% during the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer's stock valued at $753,000 after buying an additional 9 shares during the period. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

NASDAQ ORLY traded up $0.71 on Thursday, hitting $1,269.72. The company had a trading volume of 230,923 shares, compared to its average volume of 371,136. The company's fifty day moving average price is $1,208.41 and its 200-day moving average price is $1,123.86. The company has a market capitalization of $73.30 billion, a PE ratio of 31.40, a PEG ratio of 2.55 and a beta of 0.93. O'Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,275.80.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm posted $10.72 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent research reports. Wells Fargo & Company increased their target price on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Truist Financial raised their price objective on 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. Barclays lifted their target price on O'Reilly Automotive from $986.00 to $1,088.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Wedbush reissued a "neutral" rating and set a $1,200.00 price target on shares of O'Reilly Automotive in a research report on Thursday, October 24th. Finally, TD Cowen lifted their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,248.06.

Insider Activity

In other O'Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company's stock in a transaction on 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

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.