O’Reilly Automotive, Inc. $ORLY Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 367,323 shares of the specialty retailer’s stock after purchasing an additional 27,989 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in O’Reilly Automotive were worth $39,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC lifted its stake in shares of O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares in the last quarter. Canton Hathaway LLC boosted its holdings in O’Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the last quarter. ORG Partners LLC grew its position in shares of O’Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after buying an additional 277 shares in the last quarter. Nemes Rush Group LLC grew its holdings in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 294 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in O’Reilly Automotive by 127.7% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the specialty retailer’s stock worth $29,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director directly owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the transaction, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,980 shares of company stock valued at $882,335 over the last ninety days. 1.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ORLY shares. UBS Group reissued a “buy” rating and set a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Morgan Stanley set a $110.00 price target on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Robert W. Baird upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, The Goldman Sachs Group set a $121.00 price target on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $111.80.

O’Reilly Automotive Stock Up 0.7%

Shares of ORLY stock opened at $101.37 on Thursday. O’Reilly Automotive, Inc. has a 12-month low of $85.04 and a 12-month high of $108.71. The firm has a 50 day moving average price of $95.53 and a two-hundred day moving average price of $98.97. The company has a market capitalization of $85.57 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.14 and a beta of 0.63.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.