O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Zacks Investment Management

Zacks Investment Management trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 96.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178 shares of the specialty retailer's stock after selling 4,653 shares during the period. Zacks Investment Management's holdings in O'Reilly Automotive were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new position in shares of O'Reilly Automotive in the 3rd quarter worth $32,000. Trifecta Capital Advisors LLC raised its holdings in O'Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of O'Reilly Automotive during the third quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new stake in shares of O'Reilly Automotive in the 3rd quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new position in shares of O'Reilly Automotive in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insiders Place Their Bets

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 5 shares of the company's stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 700 shares of the company's stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

O'Reilly Automotive Stock Up 0.1 %

Shares of ORLY traded up $0.71 during mid-day trading on Thursday, reaching $1,269.72. The company had a trading volume of 227,456 shares, compared to its average volume of 370,891. The stock has a 50 day moving average of $1,208.41 and a two-hundred day moving average of $1,123.86. The stock has a market capitalization of $73.30 billion, a P/E ratio of 31.40, a PEG ratio of 2.55 and a beta of 0.93. O'Reilly Automotive, Inc. has a 52-week low of $914.50 and a 52-week high of $1,275.80.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same period last year, the firm earned $10.72 earnings per share. O'Reilly Automotive's revenue for the quarter 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 year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ORLY shares. Wedbush reissued a "neutral" rating and issued a $1,200.00 price objective on shares of O'Reilly Automotive in a research report on Thursday, October 24th. Roth Mkm restated a "buy" rating and set a $1,337.00 price target on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Evercore ISI increased their price objective on shares of O'Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price 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. Finally, Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,248.06.

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.