Goldman Sachs Group Inc. Sells 62,980 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Goldman Sachs Group Inc. lessened its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 511,743 shares of the specialty retailer's stock after selling 62,980 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.89% of O'Reilly Automotive worth $733,113,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Thoroughbred Financial Services LLC raised its stake in shares of O'Reilly Automotive by 10.2% in the first quarter. Thoroughbred Financial Services LLC now owns 2,081 shares of the specialty retailer's stock valued at $2,981,000 after buying an additional 192 shares during the period. ING Groep NV increased its holdings in O'Reilly Automotive by 203.8% in the 1st quarter. ING Groep NV now owns 10,003 shares of the specialty retailer's stock worth $14,330,000 after acquiring an additional 6,710 shares during the last quarter. Scotia Capital Inc. lifted its holdings in O'Reilly Automotive by 72.9% during the first quarter. Scotia Capital Inc. now owns 937 shares of the specialty retailer's stock valued at $1,342,000 after purchasing an additional 395 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in O'Reilly Automotive during the first quarter worth about $289,000. Finally, PNC Financial Services Group Inc. boosted its position in O'Reilly Automotive by 3.4% during the first quarter. PNC Financial Services Group Inc. now owns 35,002 shares of the specialty retailer's stock worth $50,143,000 after purchasing an additional 1,145 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling

In related news, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the sale, the senior vice president directly owned 4,234 shares in the company, valued at $415,990.50. This represents a 87.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director owned 4,560 shares in the company, valued at $419,216. The trade was a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,840 shares of company stock valued at $6,421,556 in the last 90 days. 1.01% of the stock is owned by insiders.

O'Reilly Automotive Trading Up 2.2%

Shares of NASDAQ ORLY opened at $104.44 on Thursday. The stock has a market cap of $89.28 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.71 and a beta of 0.56. The stock's 50-day moving average is $92.68 and its 200 day moving average is $90.85. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $104.67.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.55 EPS. On average, analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. DA Davidson upped their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. BMO Capital Markets lifted their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Truist Financial boosted their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. UBS Group raised their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $102.22.

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.

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