O’Reilly Automotive (NASDAQ:ORLY) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1,298.34 and traded as high as $1,396.79. O’Reilly Automotive shares last traded at $1,393.90, with a volume of 310,062 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wedbush raised their price objective on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Barclays lifted their price target on shares of O’Reilly Automotive from $1,250.00 to $1,290.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. BMO Capital Markets raised their target price on shares of O’Reilly Automotive from $1,450.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. DA Davidson boosted their price target on O’Reilly Automotive from $1,525.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,414.56.

O’Reilly Automotive Stock Up 0.9%

The stock has a market capitalization of $79.44 billion, a PE ratio of 34.28, a PEG ratio of 2.34 and a beta of 0.64. The firm’s fifty day moving average price is $1,372.31 and its two-hundred day moving average price is $1,298.34.

O’Reilly Automotive’s stock is set to split on Tuesday, June 10th. The 15-1 split was announced on Thursday, March 13th. The newly issued shares will be issued to shareholders after the market closes on Monday, June 9th.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, April 23rd. The specialty retailer reported $9.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.84 by ($0.49). O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the business posted $9.20 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the transaction, the chief executive officer now owns 760 shares of the company’s stock, valued at $988,000. The trade was a 52.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory L. Henslee sold 3,073 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,315.15, for a total transaction of $4,041,455.95. Following the completion of the transaction, the chairman now owns 11,397 shares of the company’s stock, valued at approximately $14,988,764.55. The trade was a 21.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,146 shares of company stock worth $9,420,708 in the last three months. Corporate insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SageView Advisory Group LLC raised its holdings in O’Reilly Automotive by 5.1% during the first quarter. SageView Advisory Group LLC now owns 185 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 9 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of O’Reilly Automotive by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,415 shares of the specialty retailer’s stock worth $724,047,000 after acquiring an additional 18,725 shares during the last quarter. Optimize Financial Inc grew its stake in O’Reilly Automotive by 13.0% during the first quarter. Optimize Financial Inc now owns 529 shares of the specialty retailer’s stock valued at $758,000 after acquiring an additional 61 shares in the last quarter. Woodline Partners LP grew its stake in O’Reilly Automotive by 40.1% during the first quarter. Woodline Partners LP now owns 4,856 shares of the specialty retailer’s stock valued at $6,957,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its holdings in O’Reilly Automotive by 14.3% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 82,628 shares of the specialty retailer’s stock valued at $118,371,000 after acquiring an additional 10,337 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

About O’Reilly Automotive

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.