O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,425.00 at Wells Fargo & Company

O’Reilly Automotive (NASDAQ:ORLY) had its price target upped by Wells Fargo & Company from $1,325.00 to $1,425.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

Other research analysts also recently issued reports about the stock. Truist Financial upped their target price on shares of 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. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Guggenheim upped their target price on shares of O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, TD Cowen upped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,301.82.

O’Reilly Automotive Trading Down 0.3 %

Shares of ORLY stock opened at $1,278.34 on Tuesday. The company has a market capitalization of $73.80 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The firm has a fifty day simple moving average of $1,226.50 and a 200-day simple moving average of $1,172.24. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,289.93.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds have recently made changes to their positions in the business. Scientech Research LLC increased its position in shares of O’Reilly Automotive by 8.6% in the second quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock worth $252,000 after acquiring an additional 19 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in O’Reilly Automotive during the second quarter valued at approximately $1,584,000. Creative Planning grew its position in O’Reilly Automotive by 0.8% during the second quarter. Creative Planning now owns 20,453 shares of the specialty retailer’s stock valued at $21,600,000 after purchasing an additional 153 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in O’Reilly Automotive by 6.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,191 shares of the specialty retailer’s stock valued at $8,651,000 after purchasing an additional 510 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in O’Reilly Automotive by 2.7% during the second quarter. Sunbelt Securities Inc. now owns 530 shares of the specialty retailer’s stock valued at $560,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Company 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.