Costco reports Q1 earnings beat, with EPS of $4.28 and revenue up 8% to $63.21 billion.

Costco Wholesale Co. reported strong Q1 earnings, beating estimates with $4.28 EPS and $63.21 billion in revenue, an 8% increase year-over-year. Several investment firms adjusted their holdings in the company, with some buying and others selling shares. Institutional investors own about 68.48% of Costco's stock. Analysts have a "Moderate Buy" rating with a target price of $1,035.32.