Axxcess Wealth Management LLC Sells 46 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Axxcess Wealth Management LLC reduced its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,600 shares of the specialty retailer’s stock after selling 46 shares during the quarter. Axxcess Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,843,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its position in O’Reilly Automotive by 383.3% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in O’Reilly Automotive during the 3rd quarter worth $41,000. Crewe Advisors LLC bought a new stake in shares of O’Reilly Automotive in the 1st quarter worth $43,000. Kings Path Partners LLC purchased a new stake in shares of O’Reilly Automotive in the second quarter valued at about $44,000. Finally, ORG Partners LLC bought a new position in shares of O’Reilly Automotive during the second quarter valued at about $48,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,228.52 on Tuesday. O’Reilly Automotive, Inc. has a 1 year low of $914.50 and a 1 year high of $1,241.29. The firm has a market cap of $71.26 billion, a PE ratio of 30.39, a PEG ratio of 2.47 and a beta of 0.92. The company has a 50 day simple moving average of $1,161.22 and a two-hundred day simple moving average of $1,088.52.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the firm earned $10.72 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 40.81 earnings per share for the current year.

Insider Activity

In other news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now directly owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the transaction, the director now directly owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,322 shares of company stock valued at $18,280,698. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Barclays lifted their price objective on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Roth Mkm reissued a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Roth Capital upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive 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.