Vise Technologies Inc. purchased a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,123 shares of the specialty retailer’s stock, valued at approximately $2,958,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in O’Reilly Automotive in the fourth quarter worth $27,000. Kelleher Financial Advisors purchased a new position in O’Reilly Automotive in the second quarter worth $28,000. Whipplewood Advisors LLC grew its stake in O’Reilly Automotive by 1,552.6% in the 1st quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 295 shares during the period. Finally, Bell Investment Advisors Inc bought a new position in O’Reilly Automotive in the 2nd quarter valued at $29,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
O’Reilly Automotive Trading Up 0.0%
Shares of ORLY stock opened at $89.11 on Friday. The firm’s 50 day moving average is $88.91 and its 200 day moving average is $91.07. The stock has a market capitalization of $72.09 billion, a P/E ratio of 28.38, a PEG ratio of 1.95 and a beta of 0.51. O’Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $108.71.
Insider Transactions at O’Reilly Automotive
In related news, Director Thomas Hendrickson sold 1,200 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the sale, the director directly owned 19,675 shares in the company, valued at approximately $1,737,696. The trade was a 5.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 3,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the sale, the senior vice president directly owned 189 shares in the company, valued at $17,577. This trade represents a 94.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,200 shares of company stock valued at $568,684 over the last three months. Company insiders own 0.77% of the company’s stock.
Analysts Set New Price Targets
ORLY has been the topic of a number of recent analyst reports. TD Cowen lowered their target price on O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Mizuho increased their price target on shares of O’Reilly Automotive from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Roth Capital restated a “buy” rating and set a $111.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 31st. DA Davidson set a $106.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 31st. Finally, UBS Group reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $107.24.
Read Our Latest Stock Report on ORLY
About O’Reilly Automotive
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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