Bank Julius Baer & Co. Ltd Zurich Invests $65,000 in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Bank Julius Baer & Co. Ltd Zurich bought a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50 shares of the specialty retailer’s stock, valued at approximately $65,000.

Other hedge funds also recently made changes to their positions in the company. Annex Advisory Services LLC lifted its stake in shares of O’Reilly Automotive by 23.2% in the 4th quarter. Annex Advisory Services LLC now owns 34,027 shares of the specialty retailer’s stock worth $40,349,000 after acquiring an additional 6,418 shares during the period. CIBC Asset Management Inc lifted its stake in shares of O’Reilly Automotive by 4.7% in the third quarter. CIBC Asset Management Inc now owns 19,597 shares of the specialty retailer’s stock valued at $22,568,000 after purchasing an additional 882 shares during the period. Montecito Bank & Trust acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $365,000. Y Intercept Hong Kong Ltd lifted its stake in shares of O’Reilly Automotive by 824.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,606 shares of the specialty retailer’s stock valued at $4,276,000 after purchasing an additional 3,216 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of O’Reilly Automotive by 6.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 27,907 shares of the specialty retailer’s stock valued at $32,138,000 after purchasing an additional 1,811 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Wedbush raised their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. DA Davidson raised their price objective on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,150.00 to $1,450.00 in a report on Tuesday, January 21st. Finally, UBS Group raised 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. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus target price of $1,390.81.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $1,324.06 on Wednesday. The company has a market cap of $75.83 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. O’Reilly Automotive, Inc. has a 12 month low of $947.49 and a 12 month high of $1,389.05. The company has a 50-day simple moving average of $1,284.05 and a 200-day simple moving average of $1,221.60.

O’Reilly Automotive (NASDAQ:ORLY) last released its 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%. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 3,073 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,315.15, for a total value of $4,041,455.95. Following the completion of the sale, the chairman now directly owns 11,397 shares in the company, valued at approximately $14,988,764.55. The trade was a 21.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason Lee Tarrant sold 1,992 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the completion of the sale, the executive vice president now owns 1,398 shares of the company’s stock, valued at approximately $1,872,061.80. The trade was a 58.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,894 shares of company stock worth $10,409,618. 1.18% of the stock is owned by company 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.