Exchange Traded Concepts LLC Cuts Stock Position in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Exchange Traded Concepts LLC trimmed its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 94.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182 shares of the specialty retailer's stock after selling 3,409 shares during the quarter. Exchange Traded Concepts LLC's holdings in O'Reilly Automotive were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in shares of O'Reilly Automotive during the 4th quarter worth approximately $28,000. Murphy & Mullick Capital Management Corp purchased a new position in O'Reilly Automotive in the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new position in shares of O'Reilly Automotive during the fourth quarter worth $32,000. Investment Management Corp VA ADV purchased a new stake in shares of O'Reilly Automotive during the 4th quarter valued at $37,000. Finally, Piscataqua Savings Bank purchased a new stake in shares of O'Reilly Automotive during the 1st quarter valued at $43,000. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. Wells Fargo & Company boosted their price target on O'Reilly Automotive from $95.00 to $103.33 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. UBS Group lifted their target price on shares of O'Reilly Automotive from $102.33 to $105.33 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets boosted their target price on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $94.30.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Najera Jose A. Montellano sold 285 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the sale, the senior vice president now owns 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,285 shares of company stock valued at $3,022,386 over the last ninety days. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock traded up $0.39 during trading on Thursday, hitting $88.23. 5,527,489 shares of the company's stock were exchanged, compared to its average volume of 5,528,022. The stock has a market capitalization of $75.42 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 2.39 and a beta of 0.60. The business has a 50-day simple moving average of $91.00 and a 200-day simple moving average of $88.13. O'Reilly Automotive, Inc. has a 52-week low of $67.24 and a 52-week high of $97.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty retailer reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.18 billion. O'Reilly Automotive had a negative return on equity of 167.25% and a net margin of 14.10%. O'Reilly Automotive's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. On average, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.