Prosperity Wealth Management Inc. Raises Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Prosperity Wealth Management Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 58.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559 shares of the specialty retailer’s stock after acquiring an additional 207 shares during the period. Prosperity Wealth Management Inc.’s holdings in O’Reilly Automotive were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new stake in shares of O’Reilly Automotive during the 2nd quarter valued at about $25,000. Steward Financial Group LLC grew its holdings in O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Ancora Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the fourth quarter valued at approximately $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of O’Reilly Automotive during the 3rd quarter worth approximately $34,000. Finally, Carmel Capital Partners LLC lifted its position in shares of O’Reilly Automotive by 1,750.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 35 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY traded up $7.69 during midday trading on Wednesday, hitting $1,097.20. The company’s stock had a trading volume of 118,166 shares, compared to its average volume of 364,675. The firm has a market capitalization of $64.77 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.94 and a beta of 0.86. The business’s fifty day simple moving average is $1,090.52 and its two-hundred day simple moving average is $1,006.87. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, beating the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the company earned $8.37 earnings per share. O’Reilly Automotive’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that O’Reilly Automotive, Inc. will post 42.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ORLY. Mizuho began coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target for the company. Barclays boosted their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. The Goldman Sachs Group boosted their price objective on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Truist Financial raised their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,089.59.

Insider Activity

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 over the last three months. 1.18% of the stock is currently owned by corporate insiders.

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.