Park Place Capital Corp Lowers Stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Park Place Capital Corp lessened its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198 shares of the specialty retailer’s stock after selling 27 shares during the quarter. Park Place Capital Corp’s holdings in O’Reilly Automotive were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in O’Reilly Automotive by 656.2% in the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after buying an additional 376,167 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $108,456,000. CCLA Investment Management purchased a new stake in O’Reilly Automotive during the first quarter valued at approximately $95,481,000. Finally, Marshall Wace LLP boosted its stake in O’Reilly Automotive by 809.8% in the second quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after acquiring an additional 80,978 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

ORLY opened at $1,167.53 on Wednesday. The stock has a market cap of $68.76 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.19 and a beta of 0.92. The firm has a fifty day moving average price of $1,130.12 and a 200 day moving average price of $1,075.00. O’Reilly Automotive, Inc. has a 1 year low of $860.10 and a 1 year high of $1,171.39.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $10.22 earnings per share. Equities analysts expect that O’Reilly Automotive, Inc. will post 41.1 EPS for the current year.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. Bank of America upped their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. DA Davidson raised their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Truist Financial upped their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. Evercore ISI lifted their target price on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada cut their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $1,166.79.

Insiders Place Their Bets

In related news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 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.