Insider Selling: O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Sells 833 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Brad W. Beckham sold 833 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,303.41 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27. The firm has a 50 day moving average price of $1,253.69 and a 200 day moving average price of $1,202.38. The company has a market capitalization of $75.25 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ORLY shares. BMO Capital Markets raised their target price on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Barclays lifted their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Morgan Stanley raised shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Wedbush lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, UBS Group lifted their price target on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,390.81.

Hedge Funds Weigh In On O’Reilly Automotive

Several institutional investors have recently modified their holdings of ORLY. International Assets Investment Management LLC grew its stake in shares of O’Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after acquiring an additional 853,633 shares in the last quarter. Norges Bank acquired a new position in shares of O’Reilly Automotive in the fourth quarter worth $867,190,000. Wellington Management Group LLP grew 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 acquiring an additional 728,040 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of O’Reilly Automotive by 205,600.0% in the fourth quarter. Proficio Capital Partners LLC now owns 503,965 shares of the specialty retailer’s stock worth $597,602,000 after acquiring an additional 503,720 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of O’Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock worth $5,393,000 after acquiring an additional 482,670 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.