Voleon Capital Management LP Sells 3,219 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Voleon Capital Management LP reduced its holdings in O'Reilly Automotive by 50.2% in the first quarter, owning 3,189 shares valued at approximately $4.57 million after selling 3,219 shares.
• Insider transactions revealed significant activity, with SVP Carl David Wilbanks selling 88,485 shares for around $9 million, resulting in a nearly 90% decrease in his ownership.
• O'Reilly Automotive's stock has recently experienced an upward price target revision from several firms, with analysts setting new targets ranging from $104 to $115 and maintaining a consensus "Buy" rating.

Voleon Capital Management LP reduced its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 50.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,189 shares of the specialty retailer's stock after selling 3,219 shares during the period. Voleon Capital Management LP's holdings in O'Reilly Automotive were worth $4,568,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after buying an additional 75,125 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of O'Reilly Automotive by 20.8% during 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 buying an additional 330,964 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of O'Reilly Automotive by 175,115.6% during the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after buying an additional 1,821,202 shares in the last quarter. Amundi lifted its position in shares of O'Reilly Automotive by 4.7% during the 1st quarter. Amundi now owns 734,322 shares of the specialty retailer's stock valued at $1,058,345,000 after buying an additional 32,917 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of O'Reilly Automotive by 0.8% during the 1st quarter. Northern Trust Corp now owns 657,138 shares of the specialty retailer's stock valued at $941,403,000 after buying an additional 5,172 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORLY has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Barclays reissued an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Wells Fargo & Company boosted their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, DA Davidson boosted their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $104.40.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction that occurred 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 sale, the senior vice president directly owned 4,234 shares of the company's stock, valued at $415,990.50. This represents a 87.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Stock Performance

Shares of ORLY traded down $1.81 during mid-day trading on Wednesday, hitting $105.11. 4,999,568 shares of the stock were exchanged, compared to its average volume of 3,830,943. The company has a market cap of $89.19 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $73.11 and a 52-week high of $107.20. The firm has a 50-day moving average of $99.45 and a two-hundred day moving average of $93.77.

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 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 negative return on equity of 181.53% and a net margin of 14.15%.The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current 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.