O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by American International Group Inc.

American International Group Inc. decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,107 shares of the specialty retailer’s stock after selling 358 shares during the period. American International Group Inc.’s holdings in O’Reilly Automotive were worth $21,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Norges Bank acquired a new position in O’Reilly Automotive in the 4th quarter worth $671,384,000. International Assets Investment Management LLC lifted its holdings in O’Reilly Automotive by 89,319.3% in 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 in the last quarter. Assenagon Asset Management S.A. lifted its holdings in O’Reilly Automotive by 269.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 216,787 shares of the specialty retailer’s stock worth $205,965,000 after buying an additional 158,075 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in O’Reilly Automotive by 4,574.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock worth $122,698,000 after buying an additional 126,382 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in O’Reilly Automotive by 148.1% in the 4th quarter. TD Asset Management Inc now owns 176,374 shares of the specialty retailer’s stock worth $167,569,000 after buying an additional 105,291 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY traded up $11.53 during trading on Friday, reaching $1,007.31. 539,056 shares of the company’s stock traded hands, compared to its average volume of 430,953. O’Reilly Automotive, Inc. has a 12 month low of $860.10 and a 12 month high of $1,169.11. The company has a 50 day moving average of $1,022.55 and a 200-day moving average of $1,027.24. The stock has a market capitalization of $59.32 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.83 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $8.28 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, April 25th. Truist Financial cut their target price on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. UBS Group upped their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company cut their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,123.64.

Insiders Place Their Bets

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

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.