Covestor Ltd Has $26,000 Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Covestor Ltd lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 35.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22 shares of the specialty retailer’s stock after selling 12 shares during the quarter. Covestor Ltd’s holdings in O’Reilly Automotive were worth $26,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ORLY. Trifecta Capital Advisors LLC raised its stake in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the period. Princeton Global Asset Management LLC bought a new position in O’Reilly Automotive during the third quarter worth about $41,000. Crewe Advisors LLC bought a new position in O’Reilly Automotive during the first quarter worth about $43,000. Kings Path Partners LLC bought a new position in O’Reilly Automotive during the second quarter worth about $44,000. Finally, ORG Partners LLC bought a new position in O’Reilly Automotive during the second quarter worth about $48,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 0.9 %

Shares of NASDAQ ORLY opened at $1,213.37 on Friday. The business’s 50 day moving average price is $1,168.95 and its two-hundred day moving average price is $1,093.06. The company has a market cap of $70.05 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the firm earned $10.72 EPS. The company’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ORLY. Bank of America lifted their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. DA Davidson reissued a “buy” rating and issued a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, TD Cowen lifted their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

Insider Transactions at O’Reilly Automotive

In related news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 8.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 over the last quarter. Company insiders own 1.55% of the company’s stock.

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.