Fiduciary Group LLC Sells 1,446 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Fiduciary Group LLC lowered its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,135 shares of the technology company’s stock after selling 1,446 shares during the quarter. Fiduciary Group LLC’s holdings in CoStar Group were worth $361,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CSGP. KB Financial Partners LLC raised its position in shares of CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Wealth Alliance lifted its position in shares of CoStar Group by 3.0% during the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock valued at $397,000 after buying an additional 132 shares during the last quarter. Keybank National Association OH lifted its position in shares of CoStar Group by 0.6% during the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock valued at $1,627,000 after buying an additional 133 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of CoStar Group by 2.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock valued at $383,000 after buying an additional 135 shares in the last quarter. Finally, Certuity LLC raised its stake in shares of CoStar Group by 4.8% during the 3rd quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock worth $250,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent analyst reports. Citigroup upped their price target on CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. BMO Capital Markets increased their price objective on shares of CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Royal Bank of Canada upped their price target on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Keefe, Bruyette & Woods lifted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group upped their target price on CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Trading Down 0.2 %

Shares of CoStar Group stock opened at $92.50 on Tuesday. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The firm has a market capitalization of $37.77 billion, a PE ratio of 126.71, a P/E/G ratio of 10.37 and a beta of 0.84. The firm’s 50-day moving average price is $89.99 and its 200 day moving average price is $84.88.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

CoStar Group Profile

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.