E Fund Management Co. Ltd. Has $1.33 Million Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

E Fund Management Co. Ltd. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 115.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,257 shares of the specialty retailer’s stock after acquiring an additional 674 shares during the period. E Fund Management Co. Ltd.’s holdings in O’Reilly Automotive were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Alliance lifted its position in O’Reilly Automotive by 5.2% during the 2nd quarter. Wealth Alliance now owns 386 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 19 shares during the last quarter. Frisch Financial Group Inc. acquired a new position in shares of O’Reilly Automotive during the second quarter valued at about $353,000. Alpha Financial Partners LLC raised its position in shares of O’Reilly Automotive by 7.9% during the second quarter. Alpha Financial Partners LLC now owns 232 shares of the specialty retailer’s stock valued at $245,000 after buying an additional 17 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of O’Reilly Automotive by 21.6% during the second quarter. Moors & Cabot Inc. now owns 925 shares of the specialty retailer’s stock valued at $977,000 after buying an additional 164 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of O’Reilly Automotive by 39.4% during the second quarter. Citizens Financial Group Inc. RI now owns 662 shares of the specialty retailer’s stock valued at $699,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.2 %

NASDAQ ORLY opened at $1,127.92 on Wednesday. The firm has a market cap of $65.43 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 2.13 and a beta of 0.92. The company has a 50 day moving average of $1,106.13 and a 200-day moving average of $1,071.50. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $10.22 EPS. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.13 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were 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 directly owns 13,347 shares of the company’s stock, valued at approximately $15,049,409.85. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock valued at $56,846,062 over the last quarter. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORLY. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. DA Davidson upped their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America upped their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Finally, Wells Fargo & Company upped their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target 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.