Apollon Wealth Management LLC Buys 446 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Apollon Wealth Management LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,437 shares of the specialty retailer’s stock after purchasing an additional 446 shares during the period. Apollon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $5,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. AlphaMark Advisors LLC bought a new stake in shares of O’Reilly Automotive in the fourth quarter worth approximately $30,000. Darwin Wealth Management LLC purchased a new stake in O’Reilly Automotive in the third quarter worth approximately $32,000. Trifecta Capital Advisors LLC boosted its holdings in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive in the 3rd quarter worth $37,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of O’Reilly Automotive in the third quarter worth $41,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 1.1 %

NASDAQ:ORLY opened at $1,316.75 on Friday. The company has a market cap of $76.02 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,350.27. The stock has a fifty day simple moving average of $1,242.12 and a 200-day simple moving average of $1,187.34.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 EPS for the quarter, topping the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 44.16 EPS for the current fiscal year.

Insider Activity

In other news, 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 value of $734,442.00. Following the sale, the director now directly owns 700 shares in the company, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the completion of the transaction, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial increased their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $1,374.88.

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.