O’Reilly Automotive, Inc. (NASDAQ:ORLY) Position Cut by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. decreased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 386 shares of the specialty retailer’s stock after selling 12 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $458,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Scientech Research LLC increased its stake in shares of O’Reilly Automotive by 8.6% in the second quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 19 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in O’Reilly Automotive in the 2nd quarter worth approximately $1,584,000. Creative Planning increased its position in O’Reilly Automotive by 0.8% in the 2nd quarter. Creative Planning now owns 20,453 shares of the specialty retailer’s stock valued at $21,600,000 after acquiring an additional 153 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in O’Reilly Automotive by 6.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,191 shares of the specialty retailer’s stock valued at $8,651,000 after acquiring an additional 510 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in O’Reilly Automotive by 2.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 530 shares of the specialty retailer’s stock worth $560,000 after acquiring an additional 14 shares during the period. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,282.53 on Tuesday. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,285.90. The company has a market cap of $74.04 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The firm has a 50 day simple moving average of $1,225.18 and a 200 day simple moving average of $1,170.48.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ORLY shares. Wedbush restated a “neutral” rating and set a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim increased their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the company a “buy” rating in a report on Friday. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,295.94.

Insider Buying and Selling

In related news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

About O’Reilly Automotive

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.