Prosperity Wealth Management Inc. Acquires 207 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Prosperity Wealth Management Inc. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 58.8% during the 4th quarter, HoldingsChannel reports. The fund owned 559 shares of the specialty retailer’s stock after buying an additional 207 shares during the period. Prosperity Wealth Management Inc.’s holdings in O’Reilly Automotive were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ORLY. Norges Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $568,266,000. International Assets Investment Management LLC lifted its position in shares of 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 worth $621,025,000 after acquiring an additional 652,924 shares during the period. Morgan Stanley increased its position in shares of O’Reilly Automotive by 113.8% during 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 raised its stake in shares of O’Reilly Automotive by 101,509.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock valued at $448,531,000 after purchasing an additional 530,893 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in O’Reilly Automotive by 128.7% in 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 during the period. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORLY shares. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial raised their price target on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Evercore ISI dropped their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays upped their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,089.59.

Insider Activity

In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the transaction, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction 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 sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock valued at $27,269,333 over the last 90 days. 1.18% of the stock is owned by company insiders.

O’Reilly Automotive Price Performance

Shares of ORLY stock traded up $7.69 during trading hours on Wednesday, reaching $1,097.20. 118,166 shares of the company were exchanged, compared to its average volume of 364,675. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The stock’s fifty day moving average is $1,090.52 and its two-hundred day moving average is $1,006.87. The company has a market cap of $64.77 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.94 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.37 EPS. On average, research analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

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.