Hsbc Holdings PLC Lowers Position in O'Reilly Automotive, Inc. $ORLY

Key Points

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Hsbc Holdings PLC decreased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 17.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,423 shares of the specialty retailer's stock after selling 30,358 shares during the period. Hsbc Holdings PLC owned approximately 0.25% of O'Reilly Automotive worth $203,829,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ORLY. GAMMA Investing LLC lifted its holdings in O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after acquiring an additional 1,821,202 shares during the period. Nuveen LLC purchased a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $897,549,000. Wellington Management Group LLP increased its holdings in shares of O'Reilly Automotive by 20.8% in the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after purchasing an additional 330,964 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of O'Reilly Automotive by 197.2% in the first quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock valued at $434,765,000 after purchasing an additional 201,356 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in O'Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after buying an additional 147,904 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Down 1.1%

Shares of ORLY traded down $1.13 during trading hours on Thursday, reaching $102.87. 4,173,074 shares of the company traded hands, compared to its average volume of 4,977,559. The stock has a market capitalization of $87.29 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. The stock has a fifty day simple moving average of $95.25 and a 200 day simple moving average of $92.20. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm earned $10.55 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In other news, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.6967, for a total transaction of $2,720,900.00. Following the sale, the senior vice president owned 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,920 shares of company stock valued at $15,487,502 in the last 90 days. Insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORLY. UBS Group increased their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Argus started coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective for the company. Evercore ISI boosted their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. BMO Capital Markets raised 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. Finally, Guggenheim lifted their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, O'Reilly Automotive has an average rating of "Buy" and a consensus price target of $103.38.

O'Reilly Automotive 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.