Analysts Set O’Reilly Automotive, Inc. (NASDAQ:ORLY) Price Target at $1,295.94

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have received an average recommendation of “Buy” from the nineteen analysts that are covering the company, Marketbeat Ratings reports. 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. The average 12-month price objective among analysts that have covered the stock in the last year is $1,301.82.

Several equities analysts recently weighed in on the company. BMO Capital Markets assumed coverage on O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Roth Capital raised shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. Barclays lifted their target price on shares of O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st.

O’Reilly Automotive Trading Up 1.7 %

Shares of ORLY opened at $1,310.16 on Tuesday. The stock’s 50 day moving average is $1,230.04 and its two-hundred day moving average is $1,174.72. O’Reilly Automotive has a twelve month low of $947.49 and a twelve month high of $1,311.78. The firm has a market capitalization of $75.64 billion, a PE ratio of 32.41, a P/E/G ratio of 2.30 and a beta of 0.94.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at approximately $856,849. The trade was a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now directly owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Scientech Research LLC increased its stake in shares of O’Reilly Automotive by 8.6% in the second quarter. Scientech Research LLC now owns 239 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 19 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in O’Reilly Automotive in the 2nd quarter worth approximately $1,584,000. Creative Planning lifted its holdings in shares of O’Reilly Automotive by 0.8% during the second quarter. Creative Planning now owns 20,453 shares of the specialty retailer’s stock worth $21,600,000 after buying an additional 153 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of O’Reilly Automotive by 6.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,191 shares of the specialty retailer’s stock valued at $8,651,000 after acquiring an additional 510 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of O’Reilly Automotive by 2.7% in the second quarter. Sunbelt Securities Inc. now owns 530 shares of the specialty retailer’s stock valued at $560,000 after acquiring an additional 14 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.