Y Intercept Hong Kong Ltd Acquires New Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Y Intercept Hong Kong Ltd bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 390 shares of the specialty retailer’s stock, valued at approximately $449,000.

Several other large investors have also added to or reduced their stakes in the company. Asset Dedication LLC raised its position in shares of O’Reilly Automotive by 6.2% during the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after purchasing an additional 9 shares during the period. Marks Group Wealth Management Inc increased its stake in O’Reilly Automotive by 1.5% in the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock worth $697,000 after buying an additional 9 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in O’Reilly Automotive by 8.5% during the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares during the period. Metis Global Partners LLC lifted its position in shares of O’Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 9 shares in the last quarter. Finally, L.M. Kohn & Company boosted its stake in shares of O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock worth $753,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ORLY shares. Royal Bank of Canada boosted their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Bank of America upped their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Cowen lifted 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 report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,257.00.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,270.60 on Monday. The stock has a 50 day moving average price of $1,213.13 and a 200-day moving average price of $1,129.22. O’Reilly Automotive, Inc. has a one year low of $914.50 and a one year high of $1,281.95. The stock has a market cap of $73.35 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.93.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the firm earned $10.72 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

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.