O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 320.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,591 shares of the specialty retailer’s stock after buying an additional 2,736 shares during the period. Exchange Traded Concepts LLC’s holdings in O’Reilly Automotive were worth $4,258,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Daymark Wealth Partners LLC raised its stake in shares of O’Reilly Automotive by 20.2% in the second quarter. Daymark Wealth Partners LLC now owns 428 shares of the specialty retailer’s stock worth $452,000 after purchasing an additional 72 shares during the last quarter. MBB Public Markets I LLC purchased a new position in O’Reilly Automotive during the 2nd quarter worth approximately $4,588,000. Marshfield Associates raised its position in O’Reilly Automotive by 0.6% during the 2nd quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock worth $319,866,000 after buying an additional 1,718 shares during the last quarter. Legal & General Group Plc lifted its stake in O’Reilly Automotive by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 496,779 shares of the specialty retailer’s stock valued at $524,629,000 after acquiring an additional 24,767 shares during the period. Finally, Scientech Research LLC boosted its holdings in shares of O’Reilly Automotive by 8.6% in the 2nd quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock valued at $252,000 after acquiring an additional 19 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now directly owns 5 shares of the company’s stock, valued at $6,201.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents 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 Stock Down 0.6 %

Shares of NASDAQ ORLY opened at $1,254.00 on Friday. The stock has a market capitalization of $72.39 billion, a PE ratio of 31.02, a P/E/G ratio of 2.30 and a beta of 0.94. The firm has a fifty day moving average of $1,224.37 and a 200-day moving average of $1,166.81. O’Reilly Automotive, Inc. has a 52-week low of $947.49 and a 52-week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $10.72 earnings per share. Equities research analysts expect that O’Reilly Automotive, Inc. will post 40.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on ORLY shares. Wells Fargo & Company raised their price target on shares of 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. Truist Financial lifted their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays increased their price target on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. BMO Capital Markets started coverage on O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Finally, Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. 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 company. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and a consensus price target of $1,295.94.

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.