O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Mark Joseph Merz Sells 500 Shares

O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Mark Joseph Merz sold 500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at $364,375. The trade was a 64.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,335.68 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27. The stock’s 50 day simple moving average is $1,246.54 and its two-hundred day simple moving average is $1,193.24. The stock has a market cap of $77.11 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. On average, analysts predict that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Truist Financial lifted 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 note on Friday, October 25th. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Barclays raised their price target on shares of O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus target price of $1,390.81.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning grew its holdings in O’Reilly Automotive by 4.4% in the third quarter. Creative Planning now owns 21,352 shares of the specialty retailer’s stock worth $24,589,000 after purchasing an additional 899 shares during the period. NBC Securities Inc. boosted its position in shares of O’Reilly Automotive by 1.5% in the 3rd quarter. NBC Securities Inc. now owns 1,508 shares of the specialty retailer’s stock worth $1,736,000 after purchasing an additional 22 shares in the last quarter. Asset Dedication LLC grew its stake in shares of O’Reilly Automotive by 6.2% in the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after buying an additional 9 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of O’Reilly Automotive by 2.8% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 801 shares of the specialty retailer’s stock worth $922,000 after buying an additional 22 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in O’Reilly Automotive by 22.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 899 shares of the specialty retailer’s stock valued at $1,035,000 after buying an additional 162 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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.