AlphaQuest LLC Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

AlphaQuest LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 149.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,832 shares of the specialty retailer’s stock after purchasing an additional 10,075 shares during the period. AlphaQuest LLC’s holdings in O’Reilly Automotive were worth $1,815,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co lifted its stake in shares of O’Reilly Automotive by 4.0% in the third quarter. Coastline Trust Co now owns 2,622 shares of the specialty retailer’s stock worth $283,000 after acquiring an additional 102 shares in the last quarter. IAM Advisory LLC increased its holdings in O’Reilly Automotive by 1.6% during the 3rd quarter. IAM Advisory LLC now owns 7,312 shares of the specialty retailer’s stock worth $788,000 after purchasing an additional 114 shares during the last quarter. Abound Wealth Management raised its position in shares of O’Reilly Automotive by 9.6% in the 3rd quarter. Abound Wealth Management now owns 1,375 shares of the specialty retailer’s stock valued at $148,000 after purchasing an additional 121 shares in the last quarter. EWA LLC boosted its stake in shares of O’Reilly Automotive by 5.1% during the 3rd quarter. EWA LLC now owns 2,559 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 124 shares during the last quarter. Finally, Optas LLC grew its position in shares of O’Reilly Automotive by 3.6% during the third quarter. Optas LLC now owns 3,735 shares of the specialty retailer’s stock worth $403,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, the senior vice president owned 4,792 shares of the company’s stock, valued at $485,190. This represents a 42.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,980 shares of company stock worth $882,335 in the last 90 days. 1.01% of the stock is currently owned by company insiders.

O’Reilly Automotive Stock Down 0.4%

Shares of NASDAQ ORLY opened at $98.41 on Friday. The firm’s 50-day moving average price is $95.49 and its two-hundred day moving average price is $99.01. O’Reilly Automotive, Inc. has a 52-week low of $85.55 and a 52-week high of $108.71. The stock has a market capitalization of $83.07 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.10 and a beta of 0.63.

Analyst Ratings Changes

Several analysts recently issued reports on ORLY shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $111.00 price target (up from $110.00) on shares of O’Reilly Automotive in a report on Friday. Robert W. Baird upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Thursday, December 4th. Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a research report on Friday, October 24th. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the company an “equal weight” rating in a report on Monday, October 27th. Finally, Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $111.85.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.