Jennison Associates LLC Decreases Holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Jennison Associates LLC trimmed its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 841,837 shares of the specialty retailer’s stock after selling 52,140 shares during the quarter. Jennison Associates LLC’s holdings in O’Reilly Automotive were worth $998,250,000 as of its most recent SEC filing.

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

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares in the company, valued at $856,849. This represents a 46.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Guggenheim upped their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Morgan Stanley upgraded O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Buy” and an average target price of $1,301.82.

O’Reilly Automotive Stock Down 1.2 %

Shares of NASDAQ ORLY opened at $1,294.42 on Monday. The firm has a 50-day simple moving average of $1,233.49 and a 200-day simple moving average of $1,179.29. The stock has a market capitalization of $74.73 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.94. O’Reilly Automotive, Inc. has a 52 week low of $947.49 and a 52 week high of $1,311.78.

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.