Shira Ridge Wealth Management Purchases 43 Shares of Costco Wholesale Co. (NASDAQ:COST)

Shira Ridge Wealth Management increased its position in Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,618 shares of the retailer’s stock after purchasing an additional 43 shares during the quarter. Costco Wholesale makes up 0.7% of Shira Ridge Wealth Management’s holdings, making the stock its 26th largest position. Shira Ridge Wealth Management’s holdings in Costco Wholesale were worth $1,483,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at $29,000. Fairway Wealth LLC lifted its holdings in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth about $58,000. Christopher J. Hasenberg Inc boosted its holdings in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $71,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.8 %

NASDAQ COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $407.16 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The business’s 50-day moving average price is $949.23 and its two-hundred day moving average price is $900.20.

Analyst Upgrades and Downgrades

COST has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

About Costco Wholesale

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.