O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. lowered its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 27.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227 shares of the specialty retailer’s stock after selling 84 shares during the period. Zions Bancorporation N.A.’s holdings in O’Reilly Automotive were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Trifecta Capital Advisors LLC boosted its stake in shares of O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after buying an additional 23 shares during the period. Princeton Global Asset Management LLC purchased a new stake in O’Reilly Automotive during the 3rd quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth approximately $43,000. Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive in the second quarter valued at approximately $44,000. Finally, ORG Partners LLC purchased a new stake in shares of O’Reilly Automotive during the second quarter worth approximately $48,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORLY has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Finally, Truist Financial upped their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,213.37 on Friday. The company has a market capitalization of $70.05 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The stock has a fifty day moving average of $1,168.95 and a two-hundred day moving average of $1,093.06.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $10.72 earnings per share. On average, analysts forecast that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. In the last three months, insiders sold 16,322 shares of company stock valued at $18,280,698. Company insiders own 1.55% 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.