First Trust Advisors LP Has $25.90 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

First Trust Advisors LP decreased its position in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 24.7% in the fourth quarter, HoldingsChannel reports. The firm owned 296,344 shares of the technology company’s stock after selling 97,298 shares during the period. First Trust Advisors LP’s holdings in CoStar Group were worth $25,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of CoStar Group by 125.4% during the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the period. Pinnacle Bancorp Inc. acquired a new position in CoStar Group during the fourth quarter worth $37,000. CVA Family Office LLC bought a new position in CoStar Group during the fourth quarter valued at about $60,000. KB Financial Partners LLC lifted its position in shares of CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after buying an additional 124 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of CoStar Group during the 4th quarter worth about $89,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of CoStar Group in a research note on Friday, April 12th. The Goldman Sachs Group boosted their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, April 24th. Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Robert W. Baird lifted their price objective on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

Check Out Our Latest Stock Analysis on CSGP

Insider Buying and Selling at CoStar Group

In other news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the transaction, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

CoStar Group Trading Up 0.3 %

Shares of CSGP stock opened at $76.43 on Tuesday. The firm has a fifty day moving average of $87.29 and a 200-day moving average of $86.54. The stock has a market cap of $31.21 billion, a price-to-earnings ratio of 104.70, a P/E/G ratio of 11.35 and a beta of 0.83. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.09 and a current ratio of 9.09.

CoStar Group (NASDAQ:CSGPGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $656.40 million during the quarter, compared to analyst estimates of $649.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

About CoStar Group

(Free Report)

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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