Pictet North America Advisors SA Has $8.95 Million Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Pictet North America Advisors SA raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 101.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,549 shares of the specialty retailer’s stock after buying an additional 3,807 shares during the quarter. Pictet North America Advisors SA’s holdings in O’Reilly Automotive were worth $8,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. V Square Quantitative Management LLC boosted its stake in O’Reilly Automotive by 1.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,298 shares of the specialty retailer’s stock worth $1,539,000 after acquiring an additional 24 shares during the last quarter. Avestar Capital LLC boosted its position in shares of O’Reilly Automotive by 15.6% during the fourth quarter. Avestar Capital LLC now owns 452 shares of the specialty retailer’s stock worth $536,000 after purchasing an additional 61 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of O’Reilly Automotive by 0.5% in the 4th quarter. Van ECK Associates Corp now owns 8,671 shares of the specialty retailer’s stock valued at $10,282,000 after buying an additional 44 shares during the period. Values First Advisors Inc. raised its stake in O’Reilly Automotive by 70.3% during the 4th quarter. Values First Advisors Inc. now owns 1,025 shares of the specialty retailer’s stock worth $1,215,000 after buying an additional 423 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in O’Reilly Automotive by 43.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 62,814 shares of the specialty retailer’s stock worth $74,601,000 after acquiring an additional 19,177 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,325.00, for a total value of $662,500.00. Following the transaction, the senior vice president now directly owns 275 shares in the company, valued at $364,375. The trade was a 64.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on 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 transaction, the director now owns 700 shares in the company, valued at approximately $856,849. This represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,968 shares of company stock worth $2,492,394. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of research analyst reports. Guggenheim raised their price target on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,390.81.

O’Reilly Automotive Trading Up 0.9 %

Shares of ORLY opened at $1,335.68 on Friday. The company has a market cap of $77.11 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.50 and a beta of 0.94. O’Reilly Automotive, Inc. has a 1-year low of $947.49 and a 1-year high of $1,350.27. The company’s fifty day simple moving average is $1,246.54 and its 200 day simple moving average is $1,193.24.

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

O’Reilly Automotive Company 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.