O'Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Boosted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,697 shares of the specialty retailer's stock after buying an additional 567 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in O'Reilly Automotive were worth $3,104,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ORLY. International Assets Investment Management LLC raised its stake in O'Reilly Automotive by 99,957.0% in 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 last quarter. Mizuho Securities USA LLC grew its stake in O'Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after acquiring an additional 482,670 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of O'Reilly Automotive by 28.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock worth $692,816,000 after purchasing an additional 133,139 shares during the period. Marshall Wace LLP boosted its holdings in shares of O'Reilly Automotive by 809.8% during the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock worth $96,078,000 after purchasing an additional 80,978 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $73,661,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded up $13.03 during trading hours on Monday, hitting $1,240.40. 143,738 shares of the company's stock traded hands, compared to its average volume of 374,008. The company's fifty day simple moving average is $1,179.37 and its two-hundred day simple moving average is $1,102.25. The company has a market cap of $71.61 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. O'Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm posted $10.72 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BNP Paribas raised shares of O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on 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. Wedbush reaffirmed a "neutral" rating and issued a $1,200.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, DA Davidson reaffirmed a "buy" rating and set a $1,275.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,242.13.

Insider Activity at O'Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.55% of the stock is currently 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.