Golden State Wealth Management LLC Makes New $53,000 Investment in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Golden State Wealth Management LLC purchased a new stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45 shares of the specialty retailer’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accelerate Investment Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the third quarter valued at about $206,000. Grove Bank & Trust lifted its stake in O’Reilly Automotive by 25.3% in the 3rd quarter. Grove Bank & Trust now owns 114 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 23 shares in the last quarter. Creative Planning grew its holdings in O’Reilly Automotive by 4.4% during the 3rd 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 last quarter. 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 buying an additional 22 shares in the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of O’Reilly Automotive by 6.2% in the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after acquiring an additional 9 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 0.5 %

Shares of ORLY stock opened at $1,310.02 on Tuesday. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27. The firm’s 50 day moving average price is $1,242.12 and its two-hundred day moving average price is $1,189.28. The stock has a market cap of $75.63 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, topping 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, equities analysts forecast that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORLY. 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 research note on Tuesday, January 28th. Truist Financial lifted their price target on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Roth Mkm reissued a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. BNP Paribas raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $1,390.81.

Insider Transactions at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

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.