Geode Capital Management LLC Grows Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Geode Capital Management LLC grew its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479,166 shares of the specialty retailer's stock after acquiring an additional 24,135 shares during the quarter. Geode Capital Management LLC owned about 2.56% of O'Reilly Automotive worth $1,700,513,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in shares of O'Reilly Automotive by 4.0% in the second quarter. Sequoia Financial Advisors LLC now owns 1,700 shares of the specialty retailer's stock worth $1,795,000 after purchasing an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in O'Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer's stock worth $15,458,000 after acquiring an additional 6,954 shares during the period. ORG Partners LLC purchased a new stake in shares of O'Reilly Automotive during the 2nd quarter worth $48,000. Envestnet Portfolio Solutions Inc. grew its holdings in O'Reilly Automotive by 1.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,963 shares of the specialty retailer's stock worth $5,241,000 after purchasing an additional 75 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in O'Reilly Automotive by 8.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 41,966 shares of the specialty retailer's stock worth $44,319,000 after purchasing an additional 3,246 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now directly owns 700 shares of the company's stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were 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 of the company's stock, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. TD Cowen raised their price objective on 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. BNP Paribas upgraded O'Reilly Automotive to a "strong-buy" rating in a research report on Friday, October 25th. Barclays increased their price objective 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. Finally, Roth Mkm restated a "buy" rating and issued a $1,337.00 price target on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, thirteen 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 currently has an average rating of "Moderate Buy" and an average price target of $1,248.06.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $2.66 during trading hours on Wednesday, reaching $1,269.01. 265,018 shares of the stock were exchanged, compared to its average volume of 371,692. O'Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,275.80. The stock's fifty day simple moving average is $1,206.13 and its 200 day simple moving average is $1,122.84. The firm has a market capitalization of $73.26 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.55 and a beta of 0.93.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the business posted $10.72 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. Research analysts predict that O'Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

O'Reilly Automotive Company Profile

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.