Apollon Wealth Management LLC Increases Stock Position in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Apollon Wealth Management LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 45.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,040 shares of the specialty retailer’s stock after buying an additional 1,253 shares during the period. Apollon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $3,838,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in O’Reilly Automotive by 7.6% during the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after acquiring an additional 66,629 shares in the last quarter. Invesco Ltd. increased its holdings in O’Reilly Automotive by 3.7% in the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after buying an additional 31,487 shares during the last quarter. Northern Trust Corp raised its stake in O’Reilly Automotive by 3.5% during the third quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer’s stock valued at $621,249,000 after buying an additional 23,016 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after buying an additional 652,924 shares during the last quarter. Finally, Winslow Capital Management LLC grew its position in shares of O’Reilly Automotive by 14.7% in the 3rd quarter. Winslow Capital Management LLC now owns 302,615 shares of the specialty retailer’s stock worth $275,035,000 after acquiring an additional 38,762 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial lowered their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Mizuho initiated coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. UBS Group boosted their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company reduced their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,110.07.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now owns 950 shares in the company, valued at $987,316. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 over the last ninety days. Corporate insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Up 0.3 %

O’Reilly Automotive stock traded up $3.14 during mid-day trading on Monday, hitting $1,016.09. The company’s stock had a trading volume of 348,334 shares, compared to its average volume of 377,116. O’Reilly Automotive, Inc. has a twelve month low of $860.10 and a twelve month high of $1,169.11. The stock’s fifty day moving average price is $1,092.98 and its two-hundred day moving average price is $1,020.59. The stock has a market capitalization of $59.98 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.91 and a beta of 0.90.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

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.