Costco Wholesale (NASDAQ:COST) Stock Price Down 0.7% – Time to Sell?

Costco Wholesale Co. (NASDAQ:COST)’s share price was down 0.7% on Thursday . The stock traded as low as $936.49 and last traded at $938.19. Approximately 257,428 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,793,955 shares. The stock had previously closed at $944.70.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research analyst reports. Raymond James increased their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. DA Davidson raised their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

The stock’s 50 day moving average price is $950.56 and its two-hundred day moving average price is $903.04. 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 capitalization of $418.00 billion, a price-to-earnings ratio of 55.25, a PEG ratio of 5.65 and a beta of 0.84.

Hedge Funds Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently bought and sold shares of COST. International Assets Investment Management LLC increased its holdings in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares during the period. Assenagon Asset Management S.A. lifted its position in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the period. Pathway Financial Advisers LLC lifted its position in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the period. FMR LLC lifted its position in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the period. Finally, Geode Capital Management LLC lifted its position in Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Company 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.