O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,479,166 shares of the specialty retailer’s stock after purchasing an additional 24,135 shares during the quarter. Geode Capital Management LLC owned approximately 2.56% of O’Reilly Automotive worth $1,700,513,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive during the third quarter worth about $32,000. Trifecta Capital Advisors LLC boosted its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in O’Reilly Automotive during the third quarter worth about $37,000. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive during the third quarter worth about $41,000. Finally, Kings Path Partners LLC acquired a new position in O’Reilly Automotive during the second quarter worth about $44,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 0.9 %

Shares of ORLY opened at $1,266.35 on Wednesday. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,273.59. The firm’s 50 day moving average price is $1,204.04 and its 200 day moving average price is $1,120.87. The company has a market cap of $73.11 billion, a P/E ratio of 31.33, a PEG ratio of 2.55 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company earned $10.72 earnings per share. O’Reilly Automotive’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts forecast that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Evercore ISI boosted their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Wedbush restated a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,248.06.

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.