Virtu Financial LLC Raises Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Virtu Financial LLC boosted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,883 shares of the specialty retailer’s stock after buying an additional 184 shares during the quarter. Virtu Financial LLC’s holdings in O’Reilly Automotive were worth $2,125,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in O’Reilly Automotive in the 4th quarter worth approximately $671,384,000. International Assets Investment Management LLC boosted its stake in O’Reilly Automotive by 89,319.3% in the 4th 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. Wellington Management Group LLP boosted its stake in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after purchasing an additional 376,167 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in O’Reilly Automotive by 15.0% in the 1st 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. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ORLY shares. Evercore ISI cut their price target on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Truist Financial upped their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson upped their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada lowered their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

O’Reilly Automotive Stock Up 0.3 %

ORLY stock traded up $3.62 during trading on Friday, reaching $1,137.02. 452,119 shares of the company’s stock were exchanged, compared to its average volume of 399,028. The firm has a market cap of $66.96 billion, a PE ratio of 28.51, a P/E/G ratio of 2.14 and a beta of 0.92. The company’s fifty day moving average price is $1,032.57 and its 200-day moving average price is $1,051.39. O’Reilly Automotive, Inc. has a 1-year low of $860.10 and a 1-year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the company earned $10.22 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.14 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Philip M. Hopper 1,023 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,541 shares of company stock valued at $39,936,345. 1.55% of the stock is owned by corporate insiders.

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.