Exchange Traded Concepts LLC Sells 1,009 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Exchange Traded Concepts LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 54.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 855 shares of the specialty retailer’s stock after selling 1,009 shares during the period. Exchange Traded Concepts LLC’s holdings in O’Reilly Automotive were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of O’Reilly Automotive by 56.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares in the last quarter. Global Assets Advisory LLC bought a new position in O’Reilly Automotive in the first quarter valued at approximately $108,456,000. CCLA Investment Management acquired a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $95,481,000. Marshall Wace LLP boosted its stake in O’Reilly Automotive by 809.8% in the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after purchasing an additional 80,978 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of O’Reilly Automotive by 4.5% during the first quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after buying an additional 76,517 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,198.90 on Thursday. The firm has a market cap of $70.61 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,221.05. The firm’s 50-day simple moving average is $1,138.75 and its 200 day simple moving average is $1,077.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $10.22 EPS. As a group, equities analysts forecast that O’Reilly Automotive, Inc. will post 41.1 earnings per share for the current year.

Insider Activity

In related news, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now owns 5,016 shares in the company, valued at $5,698,978.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America raised their price objective on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research note on Wednesday. Finally, Evercore ISI upped their price objective on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,206.87.

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.