Left Brain Wealth Management LLC Purchases 79 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Left Brain Wealth Management LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,751 shares of the specialty retailer’s stock after purchasing an additional 79 shares during the period. Left Brain Wealth Management LLC’s holdings in O’Reilly Automotive were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $3,123,000. Impact Capital Partners LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $574,000. Commonwealth Equity Services LLC increased its stake in shares of O’Reilly Automotive by 8.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,193 shares of the specialty retailer’s stock worth $13,272,000 after purchasing an additional 890 shares during the period. HBK Sorce Advisory LLC raised its position in shares of O’Reilly Automotive by 3.1% in the fourth quarter. HBK Sorce Advisory LLC now owns 433 shares of the specialty retailer’s stock valued at $513,000 after buying an additional 13 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of O’Reilly Automotive by 5.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 17,267 shares of the specialty retailer’s stock valued at $20,358,000 after buying an additional 908 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORLY. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays increased their target price on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Guggenheim reaffirmed a “buy” rating and issued a $1,475.00 price target on shares of O’Reilly Automotive in a research note on Monday. UBS Group upped their price objective on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Evercore ISI raised their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two 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. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1,390.81.

Insider Activity at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 833 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the sale, the chief executive officer now directly owns 760 shares in the company, valued at approximately $988,000. The trade was a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrea Weiss sold 248 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,311.23, for a total value of $325,185.04. Following the sale, the director now owns 452 shares in the company, valued at approximately $592,675.96. This trade represents a 35.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,894 shares of company stock valued at $10,409,618. 1.18% of the stock is owned by insiders.

O’Reilly Automotive Trading Down 1.5 %

Shares of O’Reilly Automotive stock opened at $1,289.49 on Friday. The firm has a market capitalization of $73.85 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The firm’s 50 day moving average is $1,288.56 and its 200 day moving average is $1,222.68. O’Reilly Automotive, Inc. has a 1 year low of $947.49 and a 1 year high of $1,389.05.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.