O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 73.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,725,316 shares of the specialty retailer's stock after purchasing an additional 728,040 shares during the quarter. Wellington Management Group LLP owned approximately 2.99% of O'Reilly Automotive worth $1,986,874,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Worldquant Millennium Advisors LLC acquired a new position in O'Reilly Automotive in the 3rd quarter worth about $17,191,000. Weiss Asset Management LP purchased a new stake in shares of O'Reilly Automotive in the third quarter valued at approximately $7,140,000. Quantinno Capital Management LP raised its stake in shares of O'Reilly Automotive by 46.5% during the 3rd quarter. Quantinno Capital Management LP now owns 10,926 shares of the specialty retailer's stock worth $12,582,000 after buying an additional 3,468 shares during the period. Quarry LP lifted its position in shares of O'Reilly Automotive by 51.1% during the 3rd quarter. Quarry LP now owns 139 shares of the specialty retailer's stock valued at $160,000 after buying an additional 47 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of O'Reilly Automotive by 2.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 27,797 shares of the specialty retailer's stock valued at $32,011,000 after buying an additional 667 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock traded up $22.97 during trading hours on Friday, hitting $1,257.78. The company's stock had a trading volume of 317,164 shares, compared to its average volume of 327,840. The stock has a market cap of $72.61 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 2.52 and a beta of 0.93. O'Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,260.04. The firm has a fifty day moving average of $1,199.74 and a 200-day moving average of $1,115.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company earned $10.72 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that O'Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company's stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Weiss sold 600 shares of O'Reilly Automotive 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 completion of the transaction, the director now directly owns 700 shares of the company's stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research analyst reports. DA Davidson restated a "buy" rating and set a $1,275.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Wedbush reaffirmed a "neutral" rating and issued a $1,200.00 price target on shares of O'Reilly Automotive in a research note on Thursday, October 24th. Barclays boosted their price objective on O'Reilly Automotive from $986.00 to $1,088.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,248.06.

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.