OppenheimerFunds Inc. lowered its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 57.1% during the first quarter, Holdings Channel reports. The fund owned 46,301 shares of the specialty retailer’s stock after selling 61,708 shares during the period. OppenheimerFunds Inc.’s holdings in O’Reilly Automotive were worth $12,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $103,000. Nikko Asset Management Americas Inc. purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust increased its position in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the last quarter. FTB Advisors Inc. increased its position in shares of O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $177,000. Institutional investors own 92.20% of the company’s stock.

Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded down 2.34% during midday trading on Tuesday, reaching $225.00. 738,932 shares of the company were exchanged. The company has a market capitalization of $20.48 billion, a PE ratio of 20.51 and a beta of 0.64. O’Reilly Automotive, Inc. has a 52 week low of $220.31 and a 52 week high of $292.84. The firm has a 50-day moving average price of $244.44 and a 200-day moving average price of $263.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm earned $2.59 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post $12.26 earnings per share for the current fiscal year.

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Several equities analysts recently commented on the stock. Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Saturday, March 4th. Oppenheimer Holdings, Inc. set a $300.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of O’Reilly Automotive in a research note on Tuesday. Finally, Stephens set a $315.00 target price on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, April 28th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $300.89.

In other news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total transaction of $148,062.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,600 shares of company stock valued at $10,537,062 in the last quarter. 3.12% of the stock is currently owned by company insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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