Allspring Global Investments Holdings LLC Has $34.19 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Allspring Global Investments Holdings LLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 482,712 shares of the technology company’s stock after purchasing an additional 31,152 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of CoStar Group worth $34,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC increased its holdings in CoStar Group by 534.8% in the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after purchasing an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in CoStar Group in the fourth quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after purchasing an additional 513 shares during the period. Ashton Thomas Securities LLC acquired a new stake in CoStar Group in the third quarter valued at $40,000. Finally, CENTRAL TRUST Co increased its holdings in CoStar Group by 1,825.5% in the fourth quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after purchasing an additional 931 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on CSGP shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $83.00 price target on shares of CoStar Group in a report on Friday, January 10th. JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. BMO Capital Markets decreased their price target on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. Finally, Wells Fargo & Company started coverage on CoStar Group in a report on Wednesday, February 5th. They set an “underweight” rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $74.06 on Friday. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 168.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The firm’s 50-day simple moving average is $73.97 and its 200 day simple moving average is $75.43.

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.