Independent Advisor Alliance grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 69.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,679 shares of the specialty retailer's stock after buying an additional 1,101 shares during the period. Independent Advisor Alliance's holdings in O'Reilly Automotive were worth $3,177,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in ORLY. Wellington Management Group LLP increased its stake in O'Reilly Automotive by 73.0% during the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock worth $1,986,874,000 after acquiring an additional 728,040 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of O'Reilly Automotive by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,479,166 shares of the specialty retailer's stock worth $1,700,513,000 after purchasing an additional 24,135 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 valued at $692,816,000 after purchasing an additional 133,139 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in O'Reilly Automotive by 205,600.0% during the 4th quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer's stock valued at $597,602,000 after buying an additional 503,720 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in O'Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock worth $5,393,000 after buying an additional 482,670 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.
O'Reilly Automotive Trading Down 1.5 %
Shares of ORLY stock traded down $19.80 during mid-day trading on Thursday, reaching $1,289.49. The stock had a trading volume of 326,326 shares, compared to its average volume of 349,771. O'Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,389.05. The firm has a market cap of $73.85 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.34 and a beta of 0.91. The business's fifty day moving average is $1,288.56 and its 200-day moving average is $1,222.68.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.73 by $0.23. O'Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
Insider Activity at O'Reilly Automotive
In other O'Reilly Automotive news, EVP Jason Lee Tarrant sold 1,992 shares of O'Reilly Automotive stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the transaction, the executive vice president now owns 1,398 shares in the company, valued at approximately $1,872,061.80. This trade represents a 58.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrea Weiss sold 248 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the completion of the sale, the director now owns 452 shares in the company, valued at $592,675.96. The trade was a 35.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,894 shares of company stock worth $10,409,618 over the last three months. Company insiders own 1.18% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ORLY. BMO Capital Markets increased their target price on shares of O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Guggenheim reiterated a "buy" rating and issued a $1,475.00 price target on shares of O'Reilly Automotive in a report on Monday. Mizuho increased their target price on shares of O'Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. DA Davidson lifted their price target on O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Wedbush lifted their price objective on shares of O'Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and an average price target of $1,390.81.
Get Our Latest Stock Analysis on ORLY
O'Reilly Automotive Company Profile
(
Free Report)
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.
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