Swedbank AB Sells 10,574 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Swedbank AB trimmed its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 23.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,729 shares of the specialty retailer’s stock after selling 10,574 shares during the period. Swedbank AB owned approximately 0.06% of O’Reilly Automotive worth $39,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Field & Main Bank raised its holdings in O’Reilly Automotive by 16.5% during the 4th quarter. Field & Main Bank now owns 473 shares of the specialty retailer’s stock valued at $561,000 after buying an additional 67 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of O’Reilly Automotive by 0.3% in the 4th quarter. Hantz Financial Services Inc. now owns 3,717 shares of the specialty retailer’s stock worth $4,408,000 after acquiring an additional 11 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of O’Reilly Automotive by 2.8% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 15,851 shares of the specialty retailer’s stock worth $19,287,000 after purchasing an additional 433 shares during the period. R Squared Ltd bought a new position in O’Reilly Automotive during the 4th quarter valued at about $142,000. Finally, Deane Retirement Strategies Inc. raised its position in O’Reilly Automotive by 0.5% in the 4th quarter. Deane Retirement Strategies Inc. now owns 3,693 shares of the specialty retailer’s stock worth $4,379,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ORLY shares. Royal Bank of Canada upped their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. TD Cowen lifted their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,301.82.

Insider Activity at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction dated 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 directly owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

O’Reilly Automotive Trading Up 1.7 %

NASDAQ:ORLY opened at $1,310.16 on Friday. The company’s 50 day moving average is $1,230.04 and its two-hundred day moving average is $1,174.72. The company has a market cap of $75.64 billion, a PE ratio of 32.41, a P/E/G ratio of 2.30 and a beta of 0.94. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,311.78.

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.