Mirae Asset Global Investments Co. Ltd. Has $68.25 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mirae Asset Global Investments Co. Ltd. cut its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.6% during the first quarter, HoldingsChannel reports. The fund owned 60,458 shares of the specialty retailer’s stock after selling 3,591 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in O’Reilly Automotive were worth $68,250,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of O’Reilly Automotive by 4.5% in the first quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after acquiring an additional 76,517 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in O’Reilly Automotive by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares in the last quarter. Jennison Associates LLC boosted its holdings in O’Reilly Automotive by 7.6% in the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after purchasing an additional 66,629 shares in the last quarter. Norges Bank bought a new stake in O’Reilly Automotive in the fourth quarter worth $671,384,000. Finally, International Assets Investment Management LLC boosted its holdings in O’Reilly Automotive by 89,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after purchasing an additional 652,924 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Trading Up 0.6 %

NASDAQ:ORLY traded up $6.28 during mid-day trading on Friday, hitting $1,026.82. The company’s stock had a trading volume of 305,008 shares, compared to its average volume of 427,969. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The company has a market capitalization of $60.47 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.88 and a beta of 0.92. The stock has a fifty day moving average of $1,011.95 and a 200-day moving average of $1,035.58.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business posted $8.28 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 41.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of recent research reports. Truist Financial decreased their price objective on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Mizuho started coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target for the company. Evercore ISI decreased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Wedbush reiterated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $1,116.93.

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.