1776 Wealth LLC Sells 43 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

1776 Wealth LLC decreased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 500 shares of the specialty retailer’s stock after selling 43 shares during the quarter. 1776 Wealth LLC’s holdings in O’Reilly Automotive were worth $576,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Asset Dedication LLC increased its stake in O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares during the last quarter. Marks Group Wealth Management Inc boosted its holdings in O’Reilly Automotive by 1.5% in the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 9 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after acquiring an additional 9 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of O’Reilly Automotive by 0.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock worth $2,145,000 after acquiring an additional 9 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ORLY. TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded down $11.03 on Friday, hitting $1,213.37. 437,650 shares of the stock traded hands, compared to its average volume of 375,309. O’Reilly Automotive, Inc. has a 1-year low of $914.50 and a 1-year high of $1,255.30. The company’s fifty day moving average is $1,170.83 and its 200 day moving average is $1,094.28. The company has a market capitalization of $70.05 billion, a PE ratio of 30.02, a PEG ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly 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). The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $10.72 earnings per share. As a group, equities research analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,322 shares of company stock valued at $18,280,698 over the last three months. Company insiders own 1.55% of the company’s stock.

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.