After this evening's 1.0% surge to $605.35 per share, Costco Wholesale might just keep moving past its target price of $605.47. With an average analyst rating of buy, and target prices from $465.0 to $680.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.2%, and a short ratio of 3.08. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 70.5% of Costco Wholesale's shares being owned by this investor type.
Institutions Invested in Costco Wholesale
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 39,875,117 | $24,138,401,102 |
| 2023-09-30 | Blackrock Inc. | 7% | 30,017,172 | $18,170,894,337 |
| 2023-09-30 | State Street Corporation | 4% | 18,458,926 | $11,174,110,403 |
| 2023-09-30 | FMR, LLC | 2% | 9,033,302 | $5,468,309,145 |
| 2023-09-30 | Morgan Stanley | 2% | 8,734,983 | $5,287,721,745 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 8,594,392 | $5,202,614,987 |
| 2023-09-30 | Bank of America Corporation | 2% | 7,680,004 | $4,649,090,233 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 1% | 5,750,663 | $3,481,163,706 |
| 2023-09-30 | Northern Trust Corporation | 1% | 5,134,947 | $3,108,440,041 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 5,101,521 | $3,088,205,612 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Costco Wholesale.
