Destiny Wealth Partners LLC Buys Shares of 751 O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Destiny Wealth Partners LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 751 shares of the specialty retailer’s stock, valued at approximately $891,000.

Several other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its position in O’Reilly Automotive by 99,957.0% during the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after acquiring an additional 853,633 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of O’Reilly Automotive by 73.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,725,316 shares of the specialty retailer’s stock valued at $1,986,874,000 after purchasing an additional 728,040 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of O’Reilly Automotive by 10,626.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock valued at $5,393,000 after purchasing an additional 482,670 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in O’Reilly Automotive by 28.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer’s stock worth $692,816,000 after purchasing an additional 133,139 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in O’Reilly Automotive by 117.9% during the third quarter. Assenagon Asset Management S.A. now owns 77,037 shares of the specialty retailer’s stock worth $88,716,000 after buying an additional 41,685 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays raised their price objective on O’Reilly Automotive from $1,088.00 to $1,110.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $1,301.82.

O’Reilly Automotive Stock Performance

ORLY opened at $1,294.42 on Friday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,311.78. The firm has a market cap of $74.73 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.39 and a beta of 0.94. The firm’s 50-day simple moving average is $1,233.49 and its 200-day simple moving average is $1,177.41.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% 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.