Red Door Wealth Management LLC Purchases 62 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Red Door Wealth Management LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 985 shares of the specialty retailer’s stock after acquiring an additional 62 shares during the quarter. Red Door Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ORLY. Evergreen Capital Management LLC raised its holdings in O’Reilly Automotive by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 546 shares of the specialty retailer’s stock worth $577,000 after buying an additional 26 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of O’Reilly Automotive by 59.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,307 shares of the specialty retailer’s stock worth $11,941,000 after acquiring an additional 4,221 shares during the last quarter. AXA S.A. lifted its position in O’Reilly Automotive by 3.2% in the 2nd quarter. AXA S.A. now owns 43,619 shares of the specialty retailer’s stock valued at $46,064,000 after acquiring an additional 1,359 shares in the last quarter. Armistice Capital LLC boosted its stake in O’Reilly Automotive by 5.2% during the 2nd quarter. Armistice Capital LLC now owns 9,480 shares of the specialty retailer’s stock valued at $10,011,000 after purchasing an additional 470 shares during the last quarter. Finally, DoubleLine ETF Adviser LP bought a new stake in O’Reilly Automotive during the 2nd quarter worth approximately $1,678,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the sale, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ORLY shares. JPMorgan Chase & Co. lifted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Roth Mkm restated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Finally, Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,150.00 to $1,450.00 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,289.44.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,261.62 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,283.96. The business has a 50-day moving average of $1,223.62 and a 200 day moving average of $1,166.15. The firm has a market cap of $72.83 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results 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). The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $10.72 EPS. As a group, research analysts predict that O’Reilly Automotive, Inc. will post 40.86 earnings per share 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.