Korea Investment CORP Grows Stock Holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Korea Investment CORP grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,753 shares of the specialty retailer's stock after acquiring an additional 1,892 shares during the period. Korea Investment CORP owned about 0.12% of O'Reilly Automotive worth $62,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cibc World Market Inc. boosted its holdings in O'Reilly Automotive by 305.4% in the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer's stock worth $2,213,000 after acquiring an additional 2,434 shares during the period. Sei Investments Co. grew its holdings in O'Reilly Automotive by 51.3% during the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer's stock valued at $10,894,000 after purchasing an additional 5,376 shares in the last quarter. Prudential PLC purchased a new stake in O'Reilly Automotive during the 1st quarter worth $1,847,000. Cetera Investment Advisers lifted its holdings in O'Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer's stock worth $1,343,000 after buying an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in O'Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer's stock valued at $262,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 82.92% of the company's stock.

In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 200 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $935.20, for a total transaction of $187,040.00. Following the completion of the transaction, the chairman now directly owns 8,378 shares of the company's stock, valued at approximately $7,835,105.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 14,599 shares of the company's stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $937.81, for a total value of $13,691,088.19. Following the completion of the sale, the chairman now directly owns 8,378 shares of the company's stock, valued at approximately $7,856,972.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gregory L. Henslee sold 200 shares of the firm's stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $935.20, for a total transaction of $187,040.00. Following the transaction, the chairman now owns 8,378 shares of the company's stock, valued at approximately $7,835,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,632 shares of company stock valued at $21,206,671. Company insiders own 1.55% of the company's stock.

ORLY has been the topic of a number of analyst reports. Wedbush lifted their target price on O'Reilly Automotive from $920.00 to $940.00 and gave the stock a "neutral" rating in a research report on Thursday, July 27th. Roth Mkm lifted their price objective on O'Reilly Automotive from $940.00 to $995.00 and gave the stock a "buy" rating in a report on Friday, May 12th. Barclays increased their target price on O'Reilly Automotive from $868.00 to $954.00 in a research note on Friday, July 28th. Citigroup lifted their price target on shares of O'Reilly Automotive from $916.00 to $983.00 in a research note on Monday, July 17th. Finally, William Blair initiated coverage on shares of O'Reilly Automotive in a report on Thursday, August 3rd. They issued an "outperform" rating on the stock. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, O'Reilly Automotive presently has an average rating of "Moderate Buy" and a consensus target price of $967.40.

Read Our Latest Report on ORLY

Shares of O'Reilly Automotive stock traded up $9.25 on Wednesday, reaching $955.87. 66,973 shares of the company were exchanged, compared to its average volume of 427,874. O'Reilly Automotive, Inc. has a 1-year low of $680.00 and a 1-year high of $975.72. The firm has a market cap of $57.60 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.86 and a beta of 0.86. The company's 50-day moving average is $943.24 and its two-hundred day moving average is $903.82.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.05 by $0.17. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. O'Reilly Automotive had a net margin of 14.84% and a negative return on equity of 163.68%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.78 earnings per share. As a group, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 37.65 earnings per share for the current year.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider O'Reilly Automotive, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O'Reilly Automotive wasn't on the list.

While O'Reilly Automotive currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.