Insider Selling: O’Reilly Automotive, Inc. (NASDAQ:ORLY) EVP Sells 1,992 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) EVP Jason Lee Tarrant sold 1,992 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares in the company, valued at approximately $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,373.64 on Friday. The firm has a fifty day moving average price of $1,264.60 and a 200 day moving average price of $1,209.61. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,378.76. The stock has a market cap of $79.30 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping 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 analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ORLY. Norges Bank purchased a new position in O’Reilly Automotive in the fourth quarter valued at $867,190,000. Wellington Management Group LLP increased its holdings in 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 valued at $1,986,874,000 after buying an additional 728,040 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in 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 valued at $597,602,000 after buying an additional 503,720 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in 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 valued at $5,393,000 after buying an additional 482,670 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in O’Reilly Automotive in the fourth quarter valued at $208,248,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of several recent analyst reports. Mizuho raised their target price on shares of O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BMO Capital Markets raised their target price on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. 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. Wedbush raised their target price on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Company 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.