Traveka Wealth LLC Has $1.61 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Traveka Wealth LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 139.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,761 shares of the retailer’s stock after buying an additional 1,027 shares during the quarter. Traveka Wealth LLC’s holdings in Costco Wholesale were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at $29,000. Fairway Wealth LLC grew its position in Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at $58,000. Christopher J. Hasenberg Inc grew its position 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 stake in Costco Wholesale in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was 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 owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.8 %

COST stock opened at $917.23 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.97 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 PEG ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The stock has a 50-day simple moving average of $949.23 and a two-hundred day simple moving average of $900.20.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COST. Sanford C. Bernstein began coverage on 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. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, January 9th. Robert W. Baird lifted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Stifel Nicolaus lifted their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.