Prosperity Consulting Group LLC Grows Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Prosperity Consulting Group LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 23.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 591 shares of the specialty retailer’s stock after purchasing an additional 114 shares during the quarter. Prosperity Consulting Group LLC’s holdings in O’Reilly Automotive were worth $624,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pinnacle Associates Ltd. boosted its position in shares of O’Reilly Automotive by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after buying an additional 10 shares during the period. Industrial Alliance Investment Management Inc. boosted its position in shares of O’Reilly Automotive by 2.6% during the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after buying an additional 10 shares during the period. Marcum Wealth LLC boosted its position in shares of O’Reilly Automotive by 5.1% during the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares during the period. Ausdal Financial Partners Inc. lifted its position in O’Reilly Automotive by 2.9% in the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares during the period. Finally, L.M. Kohn & Company lifted its position in O’Reilly Automotive by 1.9% in the fourth quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock worth $561,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.5 %

Shares of NASDAQ:ORLY opened at $1,125.48 on Friday. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company has a market cap of $65.29 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The company’s fifty day moving average is $1,101.72 and its two-hundred day moving average is $1,071.05.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the company posted $10.22 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORLY shares. UBS Group cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Evercore ISI upped their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Truist Financial upped their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,144.06.

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.