State of Alaska Department of Revenue Sells 2,305 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

State of Alaska Department of Revenue cut its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 14.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,615 shares of the specialty retailer’s stock after selling 2,305 shares during the period. State of Alaska Department of Revenue’s holdings in O’Reilly Automotive were worth $15,369,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. KFG Wealth Management LLC boosted its holdings in O’Reilly Automotive by 3.3% during the first quarter. KFG Wealth Management LLC now owns 443 shares of the specialty retailer’s stock valued at $500,000 after acquiring an additional 14 shares during the period. Valeo Financial Advisors LLC boosted its holdings in O’Reilly Automotive by 21.0% during the first quarter. Valeo Financial Advisors LLC now owns 1,002 shares of the specialty retailer’s stock valued at $1,131,000 after acquiring an additional 174 shares during the period. Hedeker Wealth LLC boosted its holdings in O’Reilly Automotive by 7.2% during the first quarter. Hedeker Wealth LLC now owns 1,438 shares of the specialty retailer’s stock valued at $1,624,000 after acquiring an additional 96 shares during the period. Miracle Mile Advisors LLC raised its position in shares of O’Reilly Automotive by 41.7% during the first quarter. Miracle Mile Advisors LLC now owns 435 shares of the specialty retailer’s stock valued at $491,000 after buying an additional 128 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC raised its position in shares of O’Reilly Automotive by 3.4% during the first quarter. Blue Zone Wealth Advisors LLC now owns 3,734 shares of the specialty retailer’s stock valued at $4,215,000 after buying an additional 124 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,020.54 on Thursday. O’Reilly Automotive, Inc. has a 52-week low of $860.10 and a 52-week high of $1,169.11. The stock has a market cap of $60.10 billion, a PE ratio of 25.90, a PEG ratio of 1.90 and a beta of 0.92. The firm’s 50 day moving average price is $1,014.41 and its two-hundred day moving average price is $1,035.32.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the firm earned $8.28 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the subject of a number of research analyst reports. StockNews.com lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group upped their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Mizuho started coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. Evercore ISI decreased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,116.93.

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.