Avidian Wealth Enterprises LLC Cuts Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avidian Wealth Enterprises LLC trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182 shares of the specialty retailer’s stock after selling 31 shares during the period. Avidian Wealth Enterprises LLC’s holdings in O’Reilly Automotive were worth $216,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORLY. AlphaMark Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at about $32,000. Trifecta Capital Advisors LLC lifted its position in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in O’Reilly Automotive in the 3rd quarter valued at approximately $37,000. Finally, Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive during the 3rd quarter worth approximately $41,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Down 1.3 %

NASDAQ ORLY opened at $1,318.80 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27. The business has a fifty day moving average of $1,248.55 and a 200-day moving average of $1,194.23. The stock has a market cap of $76.13 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 44.16 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the 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 transaction, the senior vice president now directly owns 5 shares in the company, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total transaction of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $364,375. This represents a 64.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,968 shares of company stock worth $2,492,394. 1.55% of the stock is 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.