IFP Advisors Inc Buys 74 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

IFP Advisors Inc raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,340 shares of the specialty retailer’s stock after purchasing an additional 74 shares during the period. IFP Advisors Inc’s holdings in O’Reilly Automotive were worth $1,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORLY. Allworth Financial LP boosted its position in shares of O’Reilly Automotive by 23.9% in the third quarter. Allworth Financial LP now owns 566 shares of the specialty retailer’s stock worth $652,000 after purchasing an additional 109 shares during the period. abrdn plc boosted its holdings in O’Reilly Automotive by 3.7% in the 3rd quarter. abrdn plc now owns 55,813 shares of the specialty retailer’s stock worth $64,225,000 after buying an additional 2,001 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in O’Reilly Automotive by 107.9% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 736 shares of the specialty retailer’s stock worth $848,000 after buying an additional 382 shares during the period. Integrated Advisors Network LLC increased its stake in O’Reilly Automotive by 32.7% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,679 shares of the specialty retailer’s stock worth $1,934,000 after buying an additional 414 shares in the last quarter. Finally, MONECO Advisors LLC raised its holdings in O’Reilly Automotive by 5.1% during the third quarter. MONECO Advisors LLC now owns 393 shares of the specialty retailer’s stock valued at $453,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,330.42 on Thursday. The company has a market cap of $76.81 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,350.27. The stock’s 50 day simple moving average is $1,258.72 and its two-hundred day simple moving average is $1,206.84.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly 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 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 43.94 EPS for the current year.

Insider Activity

In related news, SVP Mark Joseph Merz sold 500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the sale, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. This represents a 64.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 248 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,316.17, for a total transaction of $326,410.16. Following the completion of the sale, the director now directly owns 971 shares of the company’s stock, valued at approximately $1,278,001.07. The trade was a 20.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays lifted their price objective 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. UBS Group upped their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.