OVERSEA CHINESE BANKING Corp Ltd Raises Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 801 shares of the specialty retailer’s stock after acquiring an additional 43 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in O’Reilly Automotive were worth $922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORLY. Vanguard Group Inc. increased its position in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock worth $5,739,462,000 after purchasing an additional 75,837 shares in the last quarter. Principal Financial Group Inc. grew its stake in O’Reilly Automotive by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,850,655 shares of the specialty retailer’s stock worth $1,954,404,000 after buying an additional 57,194 shares during the last quarter. Bank of New York Mellon Corp increased its position in O’Reilly Automotive by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,724 shares of the specialty retailer’s stock valued at $1,505,649,000 after buying an additional 19,211 shares in the last quarter. JPMorgan Chase & Co. raised its stake in O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after buying an additional 376,167 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in 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. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Up 0.2 %

Shares of NASDAQ:ORLY opened at $1,238.78 on Thursday. O’Reilly Automotive, Inc. has a 12-month low of $914.50 and a 12-month high of $1,252.54. The business has a 50 day moving average of $1,165.19 and a two-hundred day moving average of $1,091.11. The company has a market capitalization of $71.51 billion, a PE ratio of 30.65, a PEG ratio of 2.51 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period last year, the firm earned $10.72 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the transaction, the chairman now directly owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares in the company, valued at $158,511,717.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,322 shares of company stock worth $18,280,698. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ORLY. TD Cowen upped their price objective 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. Morgan Stanley upped their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Evercore ISI upped their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, BNP Paribas upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

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.