Angeles Wealth Management LLC Acquires New Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Angeles Wealth Management LLC bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 189 shares of the specialty retailer’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in O’Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after acquiring an additional 853,633 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of O’Reilly Automotive by 73.0% in the third quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock worth $1,986,874,000 after purchasing an additional 728,040 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of O’Reilly Automotive by 28.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock valued at $692,816,000 after buying an additional 133,139 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in O’Reilly Automotive by 117.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 77,037 shares of the specialty retailer’s stock worth $88,716,000 after buying an additional 41,685 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target 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. Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. UBS Group increased their price target on O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday. Barclays lifted their price objective on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,310.02 on Tuesday. The company 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. The company’s fifty day moving average price is $1,242.12 and its 200-day moving average price is $1,189.28. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, beating 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 research analysts expect that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current fiscal year.

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.