Axxcess Wealth Management LLC Has $1.84 Million Stock Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Axxcess Wealth Management LLC lowered its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,600 shares of the specialty retailer’s stock after selling 46 shares during the quarter. Axxcess Wealth Management LLC’s holdings in O’Reilly Automotive were worth $1,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC increased its position in shares of O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the third quarter worth $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive in the first quarter valued at $43,000. Kings Path Partners LLC bought a new position in shares of O’Reilly Automotive in the 2nd quarter valued at about $44,000. Finally, ORG Partners LLC acquired a new position in shares of O’Reilly Automotive during the 2nd quarter worth about $48,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORLY. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wedbush restated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Up 0.9 %

ORLY stock opened at $1,228.52 on Tuesday. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,241.29. The business has a 50-day simple moving average of $1,161.22 and a 200 day simple moving average of $1,088.52. The company has a market cap of $71.26 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business posted $10.72 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 1,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.00 % 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, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 16,322 shares of company stock worth $18,280,698 in the last ninety days. 1.55% of the stock is owned by insiders.

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.