Oak Ridge Investments LLC Acquires 1,114 Shares of Costco Wholesale Co. (NASDAQ:COST)

Oak Ridge Investments LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,987 shares of the retailer's stock after purchasing an additional 1,114 shares during the period. Costco Wholesale makes up approximately 1.4% of Oak Ridge Investments LLC's holdings, making the stock its 15th largest holding. Oak Ridge Investments LLC's holdings in Costco Wholesale were worth $17,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth approximately $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the 4th quarter worth approximately $58,000. Finally, Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% in the third 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 last quarter. Institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on COST shares. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Tigress Financial reiterated a "buy" rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 2.5 %

Shares of COST traded up $23.44 during trading hours on Monday, hitting $943.19. The company had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The firm has a fifty day moving average price of $949.82 and a 200-day moving average price of $901.74. The stock has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company's stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

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.