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

Costco Wholesale Co. (NASDAQ:COST) dropped 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 trading, a decline of 86% from the average daily volume of 1,793,955 shares. The stock had previously closed at $944.70.

Analyst Ratings Changes

COST has been the topic of several research reports. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. UBS Group upped their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their target price 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. Wells Fargo & Company increased their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Down 0.3 %

The company has a 50-day simple moving average of $950.56 and a 200-day simple moving average of $903.04. The firm has a market cap of $418.00 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $41,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth about $58,000. Hedge funds and other 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.