Mirae Asset Global Investments Co. Ltd. Sells 4,702 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,049 shares of the specialty retailer’s stock after selling 4,702 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of O’Reilly Automotive worth $60,852,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ORLY. Cornerstone Planning Group LLC purchased a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $25,000. Steward Financial Group LLC boosted its position in shares of O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 17 shares during the last quarter. Ancora Advisors LLC purchased a new position in O’Reilly Automotive in the fourth quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in O’Reilly Automotive in the third quarter worth $34,000. Finally, Carmel Capital Partners LLC boosted its position in O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the transaction, the senior vice president now owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The disclosure for this sale can be found here. Insiders have sold 27,468 shares of company stock worth $28,769,333 in the last ninety days. 1.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ORLY. Barclays boosted their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Wedbush boosted their price objective on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group upped their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

O’Reilly Automotive Stock Up 1.6 %

Shares of NASDAQ:ORLY traded up $17.93 during midday trading on Friday, reaching $1,117.56. 278,653 shares of the company traded hands, compared to its average volume of 306,860. O’Reilly Automotive, Inc. has a 12 month low of $855.88 and a 12 month high of $1,169.11. The firm has a market capitalization of $65.97 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.00 and a beta of 0.86. The firm’s fifty day moving average price is $1,084.05 and its two-hundred day moving average price is $997.83.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping analysts’ consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.37 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 42.09 earnings per share for the current year.

O’Reilly Automotive 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.