Exchange Traded Concepts LLC reduced its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) by 22.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,285 shares of the specialty retailer's stock after selling 371 shares during the quarter. Exchange Traded Concepts LLC's holdings in O'Reilly Automotive were worth $812,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of O'Reilly Automotive by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,012 shares of the specialty retailer's stock worth $3,668,654,000 after buying an additional 136,848 shares during the last quarter. Principal Financial Group Inc. lifted its position in O'Reilly Automotive by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,651,439 shares of the specialty retailer's stock valued at $1,131,171,000 after purchasing an additional 30,422 shares during the last quarter. Invesco Ltd. lifted its position in O'Reilly Automotive by 29.8% in the 1st quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer's stock valued at $759,715,000 after purchasing an additional 254,823 shares during the last quarter. Bank of New York Mellon Corp lifted its position in O'Reilly Automotive by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 732,732 shares of the specialty retailer's stock valued at $501,893,000 after purchasing an additional 45,606 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in O'Reilly Automotive by 128.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer's stock valued at $470,900,000 after purchasing an additional 386,822 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ORLY has been the topic of several recent research reports. Guggenheim lifted their price objective on shares of O'Reilly Automotive to $823.00 in a research report on Monday, August 15th. Stephens lifted their price objective on shares of O'Reilly Automotive from $765.00 to $800.00 and gave the company an "overweight" rating in a research report on Monday, August 1st. DA Davidson lifted their price objective on shares of O'Reilly Automotive from $740.00 to $815.00 in a research report on Friday, July 29th. MKM Partners lifted their price objective on shares of O'Reilly Automotive from $700.00 to $770.00 and gave the company a "buy" rating in a research report on Friday, July 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of O'Reilly Automotive from $667.00 to $745.00 and gave the company a "buy" rating in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $758.43.

O'Reilly Automotive Price Performance

O'Reilly Automotive (NASDAQ:ORLY – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.98 by ($0.20). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. O'Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $8.33 EPS. As a group, equities research analysts forecast that O'Reilly Automotive, Inc. will post 31.62 EPS for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other news, CEO Gregory D. Johnson sold 300 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $750.19, for a total value of $225,057.00. Following the transaction, the chief executive officer now owns 4,671 shares of the company's stock, valued at approximately $3,504,137.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Gregory D. Johnson sold 300 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $750.19, for a total value of $225,057.00. Following the transaction, the chief executive officer now owns 4,671 shares of the company's stock, valued at approximately $3,504,137.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 7,145 shares of O'Reilly Automotive stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $700.00, for a total transaction of $5,001,500.00. Following the completion of the transaction, the chairman now directly owns 294,582 shares in the company, valued at $206,207,400. The disclosure for this sale can be found here. Insiders have sold 51,444 shares of company stock valued at $37,192,687 in the last quarter. Insiders own 1.73% of the company's stock.

About O'Reilly Automotive

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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. 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.

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