Apollon Wealth Management LLC Sells 120 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Apollon Wealth Management LLC decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,570 shares of the specialty retailer’s stock after selling 120 shares during the period. Apollon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. raised its holdings in O’Reilly Automotive by 57.0% in the 1st quarter. D.A. Davidson & CO. now owns 1,730 shares of the specialty retailer’s stock worth $878,000 after purchasing an additional 628 shares in the last quarter. Alps Advisors Inc. boosted its position in O’Reilly Automotive by 26.4% during the 1st quarter. Alps Advisors Inc. now owns 700 shares of the specialty retailer’s stock valued at $355,000 after acquiring an additional 146 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in O’Reilly Automotive by 2.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,759 shares of the specialty retailer’s stock valued at $1,907,000 after acquiring an additional 84 shares in the last quarter. Diversified Trust Co boosted its position in O’Reilly Automotive by 58.3% during the 1st quarter. Diversified Trust Co now owns 953 shares of the specialty retailer’s stock valued at $483,000 after acquiring an additional 351 shares in the last quarter. Finally, MAI Capital Management boosted its position in O’Reilly Automotive by 10.9% during the 1st quarter. MAI Capital Management now owns 581 shares of the specialty retailer’s stock valued at $295,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

ORLY has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $660.00 to $670.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Wedbush boosted their price objective on shares of O’Reilly Automotive from $540.00 to $590.00 and gave the stock a “neutral” rating in a report on Thursday, July 29th. Oppenheimer boosted their price objective on shares of O’Reilly Automotive from $590.00 to $690.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Morgan Stanley lowered shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and set a $630.00 price objective for the company. in a report on Friday, August 27th. Finally, Bank of America lowered shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $680.00 target price for the company. in a research note on Friday, September 17th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $586.84.

In related news, SVP Richard Darin Venosdel sold 2,500 shares of the stock in a transaction dated Friday, July 2nd. The shares were sold at an average price of $580.21, for a total value of $1,450,525.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 5,000 shares of the stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $605.00, for a total transaction of $3,025,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,628 shares of company stock valued at $58,150,270. 2.11% of the stock is owned by insiders.

ORLY opened at $625.54 on Monday. The firm has a 50-day simple moving average of $601.31 and a two-hundred day simple moving average of $559.38. O’Reilly Automotive, Inc. has a 52 week low of $424.03 and a 52 week high of $629.40. The company has a market capitalization of $43.13 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. The company has a quick ratio of 0.19, a current ratio of 0.82 and a debt-to-equity ratio of 17.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Tuesday, July 27th. The specialty retailer reported $8.33 EPS for the quarter, beating the Zacks’ consensus estimate of $7.28 by $1.05. O’Reilly Automotive had a net margin of 15.94% and a return on equity of 757.31%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm earned $7.10 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 27.65 earnings per share for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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