Avestar Capital LLC Acquires 38 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Avestar Capital LLC grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 391 shares of the specialty retailer’s stock after acquiring an additional 38 shares during the quarter. Avestar Capital LLC’s holdings in O’Reilly Automotive were worth $450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group lifted its position in O’Reilly Automotive by 16.0% during the third quarter. Brooklyn Investment Group now owns 564 shares of the specialty retailer’s stock valued at $650,000 after purchasing an additional 78 shares during the last quarter. Quantbot Technologies LP raised its position in shares of O’Reilly Automotive by 93.4% during the 3rd quarter. Quantbot Technologies LP now owns 7,513 shares of the specialty retailer’s stock valued at $8,652,000 after buying an additional 3,628 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of O’Reilly Automotive by 4.4% during the 3rd quarter. D.A. Davidson & CO. now owns 2,934 shares of the specialty retailer’s stock worth $3,379,000 after acquiring an additional 124 shares during the last quarter. Qsemble Capital Management LP purchased a new position in O’Reilly Automotive in the third quarter worth $311,000. Finally, Bowie Capital Management LLC grew its position in O’Reilly Automotive by 9.0% in the third quarter. Bowie Capital Management LLC now owns 56,070 shares of the specialty retailer’s stock worth $64,570,000 after acquiring an additional 4,649 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ORLY. TD Cowen lifted their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Evercore ISI increased their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Barclays lifted their price target on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Four 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Trading Up 0.4 %

NASDAQ:ORLY opened at $1,244.22 on Wednesday. The company has a 50-day moving average price of $1,183.85 and a 200-day moving average price of $1,105.30. The stock has a market cap of $71.83 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 12 month low of $914.50 and a 12 month high of $1,255.30.

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