Wealthfront Advisers LLC bought a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 139,588 shares of the specialty retailer’s stock, valued at approximately $12,855,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ORLY. Tucker Asset Management LLC purchased a new stake in O’Reilly Automotive during the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $27,000. Kelleher Financial Advisors purchased a new position in O’Reilly Automotive in the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC lifted its stake in O’Reilly Automotive by 1,552.6% in the 1st quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 295 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $29,000. 85.00% of the stock is owned by hedge funds and other institutional investors.
O’Reilly Automotive Stock Performance
ORLY stock opened at $90.76 on Wednesday. The firm has a market cap of $73.42 billion, a PE ratio of 28.90, a PEG ratio of 1.99 and a beta of 0.51. The firm’s 50 day moving average price is $88.96 and its 200-day moving average price is $91.20. O’Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $108.71.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Truist Financial set a $108.00 price target on O’Reilly Automotive in a research report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating on shares of O’Reilly Automotive in a report on Friday, April 24th. Wolfe Research set a $98.00 target price on O’Reilly Automotive in a research note on Wednesday, July 15th. Wells Fargo & Company set a $100.00 price target on O’Reilly Automotive in a report on Friday, July 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $107.24.
Read Our Latest Stock Report on ORLY
Insider Transactions at O’Reilly Automotive
In other news, Director Maria Sastre sold 2,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total transaction of $183,700.00. Following the completion of the transaction, the director directly owned 14,970 shares in the company, valued at approximately $1,374,994.50. This represents a 11.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total transaction of $279,000.00. Following the completion of the sale, the senior vice president owned 189 shares in the company, valued at approximately $17,577. This trade represents a 94.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,200 shares of company stock worth $568,684. 0.77% of the stock is currently owned by company insiders.
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.
Recommended Stories
- Five stocks we like better than O’Reilly Automotive
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report).
Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.
