Marks Group Wealth Management Inc Has $696,000 Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Marks Group Wealth Management Inc trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 587 shares of the specialty retailer’s stock after selling 18 shares during the period. Marks Group Wealth Management Inc’s holdings in O’Reilly Automotive were worth $696,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Creative Planning raised its stake in O’Reilly Automotive by 4.4% in the third quarter. Creative Planning now owns 21,352 shares of the specialty retailer’s stock valued at $24,589,000 after buying an additional 899 shares during the period. NBC Securities Inc. increased its position in O’Reilly Automotive by 1.5% during the third quarter. NBC Securities Inc. now owns 1,508 shares of the specialty retailer’s stock worth $1,736,000 after acquiring an additional 22 shares during the period. Asset Dedication LLC increased its stake in O’Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after acquiring an additional 9 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in O’Reilly Automotive by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 801 shares of the specialty retailer’s stock valued at $922,000 after acquiring an additional 22 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of O’Reilly Automotive by 22.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 899 shares of the specialty retailer’s stock valued at $1,035,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Mizuho boosted their price objective on O’Reilly Automotive from $1,305.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. UBS Group increased their target price on shares of O’Reilly Automotive from $1,400.00 to $1,535.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wedbush lifted their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. Two equities research 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.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,390.81.

O’Reilly Automotive Stock Performance

ORLY stock opened at $1,324.30 on Thursday. The company has a market capitalization of $76.45 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. The business’s 50 day moving average price is $1,244.91 and its two-hundred day moving average price is $1,192.31. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 44.16 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

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.