Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 6.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,987 shares of the retailer’s stock after acquiring an additional 1,114 shares during the quarter. Costco Wholesale accounts for about 1.4% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 15th biggest position. Oak Ridge Investments LLC’s holdings in Costco Wholesale were worth $17,397,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in COST. Renaissance Technologies LLC bought a new position in shares of Costco Wholesale in the second quarter worth $4,202,000. Beck Bode LLC lifted its holdings in Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after purchasing an additional 260 shares during the period. Pacer Advisors Inc. grew its position in Costco Wholesale by 7.2% in the 2nd quarter. Pacer Advisors Inc. now owns 68,324 shares of the retailer’s stock valued at $58,075,000 after buying an additional 4,577 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Costco Wholesale by 11.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 64,820 shares of the retailer’s stock valued at $55,096,000 after buying an additional 6,587 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Costco Wholesale by 13.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock worth $1,153,000 after buying an additional 156 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $943.19 on Monday. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The stock’s 50-day moving average is $949.82 and its two-hundred day moving average is $901.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $418.68 billion, a P/E ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.