Erste Asset Management GmbH cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 12.2% in the 4th quarter, Holdings Channel reports. The fund owned 118,393 shares of the specialty retailer’s stock after selling 16,440 shares during the period. Erste Asset Management GmbH’s holdings in O’Reilly Automotive were worth $10,867,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of O’Reilly Automotive by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,730,143 shares of the specialty retailer’s stock valued at $7,272,186,000 after acquiring an additional 458,613 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of O’Reilly Automotive by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock valued at $2,201,555,000 after acquiring an additional 372,896 shares in the last quarter. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the fourth quarter valued at about $1,134,311,000. Akre Capital Management LLC grew its stake in shares of O’Reilly Automotive by 989.3% during the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock valued at $848,188,000 after acquiring an additional 8,546,804 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of O’Reilly Automotive by 9.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,338,304 shares of the specialty retailer’s stock valued at $851,747,000 after acquiring an additional 835,518 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Performance
Shares of ORLY stock opened at $89.02 on Tuesday. O’Reilly Automotive, Inc. has a one year low of $85.35 and a one year high of $108.71. The company’s 50-day simple moving average is $91.71 and its 200-day simple moving average is $93.58. The stock has a market capitalization of $73.77 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.99 and a beta of 0.53.
Insider Transactions at O’Reilly Automotive
In other O’Reilly Automotive news, Director John Raymond Murphy sold 2,595 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $88.67, for a total value of $230,098.65. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at $354,680. This trade represents a 39.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas Hendrickson sold 1,200 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the transaction, the director directly owned 19,675 shares in the company, valued at $1,737,696. This represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,730 shares of company stock valued at $9,815,388 over the last ninety days. Insiders own 0.77% of the company’s stock.
Analysts Set New Price Targets
ORLY has been the topic of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $112.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price target on shares of O’Reilly Automotive in a research report on Friday, May 1st. Mizuho increased their price target on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 30th. Finally, UBS Group increased their price target on shares of O’Reilly Automotive from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.25.
Check Out Our Latest Analysis on ORLY
O’Reilly Automotive Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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