O’Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 94.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182 shares of the specialty retailer’s stock after selling 3,409 shares during the period. Exchange Traded Concepts LLC’s holdings in O’Reilly Automotive were worth $261,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BayBridge Capital Group LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $1,400,000. Ritholtz Wealth Management boosted its stake in O’Reilly Automotive by 11.5% during the 1st quarter. Ritholtz Wealth Management now owns 2,697 shares of the specialty retailer’s stock worth $3,864,000 after purchasing an additional 278 shares during the period. Dohj LLC boosted its stake in O’Reilly Automotive by 3.5% during the 1st quarter. Dohj LLC now owns 358 shares of the specialty retailer’s stock worth $513,000 after purchasing an additional 12 shares during the period. McBroom & Associates LLC boosted its stake in O’Reilly Automotive by 0.6% during the 1st quarter. McBroom & Associates LLC now owns 8,151 shares of the specialty retailer’s stock worth $11,677,000 after purchasing an additional 45 shares during the period. Finally, Missouri Trust & Investment Co boosted its stake in O’Reilly Automotive by 0.3% during the 1st quarter. Missouri Trust & Investment Co now owns 27,833 shares of the specialty retailer’s stock worth $39,873,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 1.6%

Shares of NASDAQ ORLY opened at $89.69 on Monday. O’Reilly Automotive, Inc. has a 52 week low of $67.24 and a 52 week high of $97.22. The firm has a 50-day moving average price of $91.20 and a 200 day moving average price of $88.07. The stock has a market capitalization of $76.67 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, April 23rd. The specialty retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). O’Reilly Automotive had a net margin of 14.10% and a negative return on equity of 167.25%. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson increased their price target on shares of O’Reilly Automotive from $101.67 to $106.67 and gave the stock a “buy” rating in a research note on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating on shares of O’Reilly Automotive in a research note on Thursday, April 24th. Wells Fargo & Company increased their price target on shares of O’Reilly Automotive from $95.00 to $103.33 and gave the stock an “overweight” rating in a research note on Wednesday, April 16th. BMO Capital Markets increased their price target on shares of O’Reilly Automotive from $96.67 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $94.30.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Najera Jose A. Montellano sold 285 shares of O’Reilly Automotive stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.13, for a total transaction of $25,686.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ramon Parises Odems sold 30,000 shares of O’Reilly Automotive stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the transaction, the senior vice president now owns 240 shares of the company’s stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,285 shares of company stock worth $3,022,386. Insiders own 1.01% 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.