JPL Wealth Management LLC Purchases New Stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

JPL Wealth Management LLC purchased a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,025 shares of the specialty retailer's stock, valued at approximately $974,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORLY. Orion Portfolio Solutions LLC raised its stake in shares of O'Reilly Automotive by 3.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,470 shares of the specialty retailer's stock valued at $2,245,000 after acquiring an additional 82 shares during the period. Machina Capital S.A.S. purchased a new stake in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $384,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of O'Reilly Automotive by 84.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,005 shares of the specialty retailer's stock valued at $913,000 after acquiring an additional 461 shares during the period. Larson Financial Group LLC raised its stake in shares of O'Reilly Automotive by 79.2% in the 3rd quarter. Larson Financial Group LLC now owns 129 shares of the specialty retailer's stock valued at $117,000 after acquiring an additional 57 shares during the period. Finally, MGO One Seven LLC raised its stake in shares of O'Reilly Automotive by 19.0% in the 3rd quarter. MGO One Seven LLC now owns 439 shares of the specialty retailer's stock valued at $399,000 after acquiring an additional 70 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other O'Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares of the company's stock, valued at $5,884,566.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,694 shares of company stock worth $14,265,266. 1.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 price target on the stock. Wedbush reaffirmed a "neutral" rating and set a $1,100.00 target price on shares of O'Reilly Automotive in a research note on Thursday, April 25th. UBS Group upped their target price on shares of O'Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Truist Financial cut their target price on shares of O'Reilly Automotive from $1,234.00 to $1,212.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. Finally, Evercore ISI upped their target price on shares of O'Reilly Automotive from $1,255.00 to $1,275.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Moderate Buy" and an average target price of $1,123.64.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded down $4.15 during trading hours on Wednesday, hitting $991.44. The company had a trading volume of 312,516 shares, compared to its average volume of 376,078. The company's 50-day moving average is $1,076.76 and its two-hundred day moving average is $1,027.94. O'Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market cap of $58.39 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts' consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $3.99 billion. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O'Reilly Automotive's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.28 EPS. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 41.93 EPS for the current 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.