Jackson Square Capital LLC Acquires 470 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jackson Square Capital LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,201 shares of the retailer's stock after acquiring an additional 470 shares during the quarter. Costco Wholesale comprises approximately 1.8% of Jackson Square Capital LLC's holdings, making the stock its 12th largest holding. Jackson Square Capital LLC's holdings in Costco Wholesale were worth $7,514,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. Geode Capital Management LLC lifted its position in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. FMR LLC lifted its holdings in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after acquiring an additional 324,973 shares during the period. International Assets Investment Management LLC boosted its position in shares of Costco Wholesale by 113,947.9% during 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 acquiring an additional 7,364,453 shares in the last quarter. Legal & General Group Plc increased its stake in Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer's stock valued at $3,102,941,000 after acquiring an additional 88,550 shares during the period. Finally, Jennison Associates LLC lifted its stake in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after purchasing an additional 125,444 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction 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 sale, the executive vice president now owns 27,400 shares of the company's stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. StockNews.com cut Costco Wholesale from a "buy" rating to a "hold" rating in a report on Friday, September 27th. Morgan Stanley lifted 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. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Finally, DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,013.59.

Costco Wholesale Trading Up 2.5 %

Shares of NASDAQ COST traded up $23.44 during midday trading on Monday, reaching $943.19. 2,367,034 shares of the stock were exchanged, compared to its average volume of 1,832,091. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The business has a 50-day simple moving average of $949.82 and a two-hundred day simple moving average of $901.74. The company 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.

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.