Golden State Wealth Management LLC Purchases Shares of 45 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Golden State Wealth Management LLC acquired a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45 shares of the specialty retailer’s stock, valued at approximately $53,000.

Several other hedge funds have also modified their holdings of the stock. AlphaMark Advisors LLC acquired a new stake in O’Reilly Automotive in the 4th quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its holdings in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in O’Reilly Automotive in the third quarter worth approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth approximately $41,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 0.5 %

O’Reilly Automotive stock opened at $1,310.02 on Tuesday. The stock has a 50 day moving average of $1,242.12 and a two-hundred day moving average of $1,189.28. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The stock has a market capitalization of $75.63 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Equities analysts predict that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current year.

Insider Activity

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction 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 sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The sale 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 stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ORLY shares. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. UBS Group boosted their target price on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BMO Capital Markets increased their price target on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,390.81.

O’Reilly Automotive 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.