TB Alternative Assets Ltd. Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

TB Alternative Assets Ltd. acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,021 shares of the retailer’s stock, valued at approximately $1,852,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aspiriant LLC grew its stake in Costco Wholesale by 1.6% during the 4th quarter. Aspiriant LLC now owns 2,014 shares of the retailer’s stock valued at $1,845,000 after purchasing an additional 32 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in Costco Wholesale by 3.7% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 2,836 shares of the retailer’s stock valued at $2,599,000 after buying an additional 100 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in Costco Wholesale by 1.5% in the 4th quarter. Pure Financial Advisors LLC now owns 6,400 shares of the retailer’s stock worth $5,864,000 after buying an additional 94 shares during the period. New Hampshire Trust lifted its stake in Costco Wholesale by 1.1% during the 4th quarter. New Hampshire Trust now owns 6,061 shares of the retailer’s stock valued at $5,554,000 after acquiring an additional 65 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Costco Wholesale by 0.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 6,623 shares of the retailer’s stock valued at $6,069,000 after acquiring an additional 36 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.5 %

Shares of NASDAQ COST opened at $947.73 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $950.03 and a 200 day moving average of $902.31. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock has a market cap of $420.70 billion, a PE ratio of 55.65, a P/E/G ratio of 5.63 and a beta of 0.84.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. UBS Group upped their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.