293 Shares in O’Reilly Automotive, Inc. (NASDAQ:ORLY) Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 293 shares of the specialty retailer’s stock, valued at approximately $347,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC raised its holdings in shares of O’Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after acquiring an additional 9 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in O’Reilly Automotive by 1.5% in the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 9 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of O’Reilly Automotive by 8.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 9 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of O’Reilly Automotive by 0.5% during the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after buying an additional 9 shares during the last quarter. Finally, L.M. Kohn & Company increased its holdings in O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock worth $753,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 2.3 %

Shares of NASDAQ:ORLY opened at $1,282.53 on Tuesday. The firm has a market cap of $74.04 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.30 and a beta of 0.94. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,285.90. The company’s 50-day moving average price is $1,225.18 and its two-hundred day moving average price is $1,170.48.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORLY shares. Evercore ISI raised their price target on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Guggenheim upped their price target on O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Friday. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, TD Cowen lifted their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and a consensus price target of $1,295.94.

Insider Activity

In other news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

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.