California State Teachers Retirement System Sells 5,803 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

California State Teachers Retirement System lessened its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 656,378 shares of the technology company’s stock after selling 5,803 shares during the period. California State Teachers Retirement System’s holdings in CoStar Group were worth $45,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in CoStar Group by 42.0% during the 3rd quarter. BlackRock Inc. now owns 28,633,861 shares of the technology company’s stock worth $1,994,349,000 after purchasing an additional 8,470,338 shares in the last quarter. Vanguard Group Inc. increased its position in CoStar Group by 22.1% in the 3rd quarter. Vanguard Group Inc. now owns 42,997,622 shares of the technology company’s stock valued at $2,994,784,000 after acquiring an additional 7,780,240 shares during the period. State Street Corp increased its position in CoStar Group by 84.0% in the 3rd quarter. State Street Corp now owns 14,630,966 shares of the technology company’s stock valued at $1,019,047,000 after acquiring an additional 6,681,249 shares during the period. Mackenzie Financial Corp increased its position in CoStar Group by 343.8% in the 1st quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock valued at $194,074,000 after acquiring an additional 2,257,140 shares during the period. Finally, Capital International Investors acquired a new stake in shares of CoStar Group during the first quarter worth $101,893,000. Institutional investors own 97.80% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,600 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $70.36, for a total value of $394,016.00. Following the transaction, the insider now directly owns 44,846 shares of the company’s stock, valued at $3,155,364.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

CoStar Group Stock Down 1.2 %

CoStar Group stock opened at $66.93 on Friday. CoStar Group, Inc. has a 1-year low of $53.51 and a 1-year high of $85.37. The firm has a market capitalization of $27.23 billion, a price-to-earnings ratio of 71.97, a price-to-earnings-growth ratio of 3.64 and a beta of 0.88. The firm’s fifty day moving average price is $75.03 and its two-hundred day moving average price is $76.08. The company has a current ratio of 13.92, a quick ratio of 13.92 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $85.00 price objective on shares of CoStar Group in a research report on Wednesday, February 22nd. Needham & Company LLC decreased their price objective on shares of CoStar Group from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. Truist Financial decreased their price objective on shares of CoStar Group from $95.00 to $85.00 in a research report on Wednesday, February 22nd. StockNews.com started coverage on shares of CoStar Group in a research note on Thursday. They set a “hold” rating on the stock. Finally, BMO Capital Markets cut their target price on shares of CoStar Group from $84.00 to $68.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 22nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $86.25.

CoStar Group Company Profile

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CoStar Group, Inc engages in providing online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the Unites States and Canada. The International refers to Europe, Asia-Pacific, and Latin America.