Wells Fargo & Company Issues Positive Forecast for O’Reilly Automotive (NASDAQ:ORLY) Stock Price

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by Wells Fargo & Company from $1,325.00 to $1,425.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

A number of other equities analysts have also commented on ORLY. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. BMO Capital Markets started coverage on O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays increased their price target on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada boosted 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 report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,301.82.

O’Reilly Automotive Trading Up 1.7 %

NASDAQ:ORLY opened at $1,310.16 on Tuesday. The firm has a market capitalization of $75.64 billion, a PE ratio of 32.41, a PEG ratio of 2.30 and a beta of 0.94. O’Reilly Automotive has a 1 year low of $947.49 and a 1 year high of $1,311.78. The firm’s fifty day simple moving average is $1,230.04 and its 200 day simple moving average is $1,174.72.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB grew its holdings in O’Reilly Automotive by 2.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock worth $34,507,000 after acquiring an additional 727 shares during the last quarter. Assetmark Inc. grew its stake in shares of O’Reilly Automotive by 20.8% during the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of O’Reilly Automotive by 23.2% in the fourth quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock valued at $40,349,000 after purchasing an additional 6,418 shares in the last quarter. CIBC Asset Management Inc raised its position in O’Reilly Automotive by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock worth $22,568,000 after purchasing an additional 882 shares during the last quarter. Finally, 3Chopt Investment Partners LLC acquired a new position in O’Reilly Automotive during the 2nd quarter worth $851,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.