Wells Fargo & Company Issues Positive Forecast for O’Reilly Automotive (NASDAQ:ORLY) Stock Price

O’Reilly Automotive (NASDAQ:ORLY) had its price objective upped by analysts at Wells Fargo & Company from $1,325.00 to $1,425.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.11% from the company’s previous close.

A number of other equities analysts also recently commented on ORLY. Roth Mkm reissued a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. DA Davidson restated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Finally, Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and an average price target of $1,301.82.

O’Reilly Automotive Trading Up 2.3 %

NASDAQ:ORLY opened at $1,282.53 on Tuesday. O’Reilly Automotive has a 12-month low of $947.49 and a 12-month high of $1,285.90. The firm 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 stock has a fifty day moving average price of $1,225.18 and a 200 day moving average price of $1,170.48.

Insider Activity at O’Reilly Automotive

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

Hedge Funds Weigh In On O’Reilly Automotive

A number of large investors have recently bought and sold shares of the company. Scientech Research LLC lifted its position in 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 purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $1,584,000. Creative Planning lifted its holdings in shares of 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 buying an additional 153 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of O’Reilly Automotive by 6.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,191 shares of the specialty retailer’s stock valued at $8,651,000 after buying an additional 510 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in O’Reilly Automotive by 2.7% during the second 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. Hedge funds and other institutional investors own 85.00% 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.