Frazier Financial Advisors LLC Sells 57 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Frazier Financial Advisors LLC decreased its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 64.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31 shares of the specialty retailer’s stock after selling 57 shares during the quarter. Frazier Financial Advisors LLC’s holdings in O’Reilly Automotive were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC lifted its stake in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 23 shares during the period. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive in the third quarter valued at about $41,000. Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the first quarter valued at about $43,000. Kings Path Partners LLC acquired a new position in O’Reilly Automotive in the second quarter valued at about $44,000. Finally, ORG Partners LLC acquired a new position in O’Reilly Automotive in the second quarter valued at about $48,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen increased their target price on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their price target on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Down 0.9 %

ORLY stock opened at $1,213.37 on Friday. The business has a 50 day moving average price of $1,170.83 and a two-hundred day moving average price of $1,094.85. The company has a market cap of $70.05 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.46 and a beta of 0.92. O’Reilly Automotive, Inc. has a twelve month low of $914.50 and a twelve month high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.72 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the completion of the transaction, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 8.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the sale, the chairman now directly owns 183,583 shares of the company’s stock, valued at approximately $205,407,347.04. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,322 shares of company stock worth $18,280,698. 1.55% of the stock is owned by company 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.