O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,673 shares of the specialty retailer’s stock after acquiring an additional 2,752 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in O’Reilly Automotive were worth $22,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,348.24 on Thursday. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The stock has a market cap of $77.84 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.40 and a beta of 0.94. The stock has a 50-day simple moving average of $1,236.84 and a 200-day simple moving average of $1,183.37.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. On average, equities research analysts predict that O’Reilly Automotive, Inc. will post 40.86 EPS for the current year.

Analysts Set New Price Targets

ORLY has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $1,275.00 target price on shares of O’Reilly Automotive in a report on Thursday, October 24th. Evercore ISI upped their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. TD Cowen boosted their price target on shares of 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. Finally, StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,301.82.

Insider Activity at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

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.