Skandinaviska Enskilda Banken AB publ Has $20.36 Million Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,267 shares of the specialty retailer's stock after acquiring an additional 908 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in O'Reilly Automotive were worth $20,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. AlphaMark Advisors LLC bought a new position in O'Reilly Automotive during the fourth quarter worth about $30,000. Darwin Wealth Management LLC bought a new stake in shares of O'Reilly Automotive in the third quarter valued at about $32,000. Kestra Investment Management LLC bought a new stake in shares of O'Reilly Automotive in the fourth quarter valued at about $32,000. MidAtlantic Capital Management Inc. bought a new stake in shares of O'Reilly Automotive in the third quarter valued at about $37,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of O'Reilly Automotive in the fourth quarter valued at about $46,000. 85.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the completion of the transaction, the senior vice president now directly owns 275 shares in the company, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the completion of the transaction, the executive vice president now owns 1,398 shares of the company's stock, valued at $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is owned by insiders.

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Analysts Set New Price Targets

ORLY has been the topic of a number of research reports. Evercore ISI boosted their price target on 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. Morgan Stanley upgraded O'Reilly Automotive from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. DA Davidson boosted 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. BMO Capital Markets boosted their price target on O'Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, StockNews.com upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $1,390.81.

O'Reilly Automotive Price Performance

NASDAQ ORLY traded down $9.24 during trading on Tuesday, reaching $1,338.75. 262,068 shares of the company's stock were exchanged, compared to its average volume of 343,819. The business has a 50 day moving average price of $1,293.77 and a 200-day moving average price of $1,226.88. The stock has a market capitalization of $76.67 billion, a P/E ratio of 32.93, a PEG ratio of 2.34 and a beta of 0.91. O'Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,389.05.

Shares of O'Reilly Automotive are set to split before the market opens on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be issued to shareholders after the market closes on Monday, June 9th.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating the consensus estimate of $9.73 by $0.23. O'Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.