MGO One Seven LLC Raises Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• MGO One Seven LLC has significantly increased its holdings in O'Reilly Automotive by 4,993.3% during the second quarter, owning 40,390 shares valued at approximately $3.64 million.
• Insider trading activity includes recent sales of shares by senior vice presidents, with a total of 125,635 shares sold worth about $12.74 million in the last three months.
• Analysts have raised their price targets for O'Reilly Automotive, with JPMorgan increasing its target from $101.00 to $113.00, indicating a positive outlook for the stock.

MGO One Seven LLC grew its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 4,993.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,390 shares of the specialty retailer's stock after buying an additional 39,597 shares during the quarter. MGO One Seven LLC's holdings in O'Reilly Automotive were worth $3,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive during the 1st quarter valued at $25,000. HWG Holdings LP bought a new position in shares of O'Reilly Automotive during the first quarter worth about $26,000. Oakworth Capital Inc. lifted its position in shares of O'Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 264 shares during the last quarter. HighMark Wealth Management LLC lifted its position in shares of O'Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 280 shares during the last quarter. Finally, ORG Partners LLC lifted its position in shares of O'Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 277 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the sale, the senior vice president directly owned 2,876 shares in the company, valued at $284,925.32. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on ORLY. JPMorgan Chase & Co. increased their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Truist Financial raised their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Barclays restated an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Performance

ORLY stock opened at $102.88 on Tuesday. The stock has a market capitalization of $87.29 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 2.70 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The stock's fifty day moving average is $103.93 and its two-hundred day moving average is $96.17.

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

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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