O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Wealth Alliance

Wealth Alliance increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 26.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358 shares of the specialty retailer’s stock after purchasing an additional 74 shares during the quarter. Wealth Alliance’s holdings in O’Reilly Automotive were worth $340,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ORLY. Norges Bank purchased a new position in shares of O’Reilly Automotive in the 4th quarter valued at $568,266,000. International Assets Investment Management LLC increased its holdings in O’Reilly Automotive by 89,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after purchasing an additional 652,924 shares in the last quarter. Morgan Stanley raised its position in O’Reilly Automotive by 113.8% in the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after purchasing an additional 635,416 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of O’Reilly Automotive by 101,509.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after purchasing an additional 530,893 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,101.06 on Friday. The company has a market capitalization of $65.00 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The stock has a 50-day simple moving average of $1,092.68 and a 200 day simple moving average of $1,008.14.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the business posted $8.37 EPS. O’Reilly Automotive’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORLY. Truist Financial raised their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wedbush lifted their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Evercore ISI decreased their target price on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research note on Tuesday. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, UBS Group boosted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,102.53.

Insider Buying and Selling

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 over the last ninety days. 1.55% of the stock is owned by insiders.

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.