Pictet North America Advisors SA Purchases 3,807 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Pictet North America Advisors SA grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 101.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,549 shares of the specialty retailer's stock after purchasing an additional 3,807 shares during the period. Pictet North America Advisors SA's holdings in O'Reilly Automotive were worth $8,952,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in O'Reilly Automotive by 99,957.0% during the third 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 period. Wellington Management Group LLP raised its stake in O'Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer's stock valued at $1,986,874,000 after buying an additional 728,040 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of O'Reilly Automotive by 10,626.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock valued at $5,393,000 after buying an additional 482,670 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of O'Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock worth $692,816,000 after buying an additional 133,139 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of O'Reilly Automotive by 117.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 77,037 shares of the specialty retailer's stock worth $88,716,000 after buying an additional 41,685 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their target price on O'Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. DA Davidson increased their price objective on shares of O'Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Evercore ISI upped their target price on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of O'Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Morgan Stanley upgraded O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Two investment 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. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and an average price target of $1,390.81.

Insider Transactions at O'Reilly Automotive

In other news, 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 value of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares of the company's stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,968 shares of company stock valued at $2,492,394. 1.55% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Performance

ORLY traded down $22.98 during trading on Tuesday, reaching $1,295.82. 377,913 shares of the company traded hands, compared to its average volume of 337,064. The company has a market cap of $74.81 billion, a P/E ratio of 31.87, a PEG ratio of 2.50 and a beta of 0.94. O'Reilly Automotive, Inc. has a 12-month low of $947.49 and a 12-month high of $1,350.27. The firm has a fifty day simple moving average of $1,251.05 and a 200 day simple moving average of $1,197.80.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts expect that O'Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.

O'Reilly Automotive 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.