O'Reilly Automotive, Inc. (NASDAQ:ORLY) Position Lowered by Jennison Associates LLC

Jennison Associates LLC cut its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 893,977 shares of the specialty retailer's stock after selling 40,112 shares during the period. Jennison Associates LLC owned about 1.54% of O'Reilly Automotive worth $1,029,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. Asset Dedication LLC boosted its position 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 worth $178,000 after buying an additional 9 shares during the period. Marks Group Wealth Management Inc increased its position in shares of O'Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer's stock worth $697,000 after acquiring an additional 9 shares during the period. Venturi Wealth Management LLC raised its stake in shares of O'Reilly Automotive by 8.5% in the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer's stock valued at $132,000 after acquiring an additional 9 shares in the last quarter. Metis Global Partners LLC boosted its holdings in O'Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer's stock valued at $2,145,000 after purchasing an additional 9 shares during the period. Finally, Industrial Alliance Investment Management Inc. grew its stake in O'Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer's stock worth $440,000 after purchasing an additional 10 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Stock Down 1.0 %

Shares of ORLY stock traded down $11.72 during mid-day trading on Wednesday, hitting $1,188.87. 290,355 shares of the company's stock were exchanged, compared to its average volume of 374,313. The stock has a market cap of $68.63 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.46 and a beta of 0.92. The stock has a 50-day simple moving average of $1,174.11 and a two-hundred day simple moving average of $1,098.28. O'Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced 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). 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 firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $10.72 earnings per share. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORLY shares. 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 report on Monday, October 14th. Wedbush reaffirmed a "neutral" rating and issued a $1,200.00 target price on shares of O'Reilly Automotive in a report on Thursday, October 24th. Royal Bank of Canada increased their price target on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Barclays boosted their target price on O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Roth Mkm restated a "buy" rating and set a $1,337.00 target price on shares of O'Reilly Automotive in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,242.13.

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.