Gilder Gagnon Howe & Co. LLC raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 985 shares of the retailer’s stock after acquiring an additional 13 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Costco Wholesale Corporation were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Delta Asset Management LLC TN increased its stake in Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after purchasing an additional 65 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale Corporation in the second quarter worth approximately $107,000. Mercer Capital Advisers Inc. lifted its stake in shares of Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after buying an additional 23 shares in the last quarter. Mosaic Family Wealth LLC lifted its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares in the last quarter. Finally, CKW Financial Group lifted its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares in the last quarter. 72.35% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on COST. Vetr downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating and set a $183.04 price target for the company. in a research report on Wednesday, September 27th. Robert W. Baird reissued an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a report on Monday, September 25th. Zacks Investment Research raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Tuesday, September 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Finally, Guggenheim reiterated a “neutral” rating and issued a $140.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $179.40.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 165.08 on Wednesday. The stock has a 50 day moving average of $159.56 and a 200 day moving average of $164.89. The stock has a market cap of $72.40 billion, a PE ratio of 28.66 and a beta of 0.94. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

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In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the sale, the director now directly owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 3,000 shares of company stock valued at $481,760 in the last quarter. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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