Personal CFO Solutions LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 215.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,585 shares of the technology company’s stock after buying an additional 23,614 shares during the period. Personal CFO Solutions LLC’s holdings in CoStar Group were worth $1,395,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CSGP. Integrated Wealth Concepts LLC grew its stake in CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after purchasing an additional 426 shares during the period. NewEdge Advisors LLC raised its stake in shares of CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,295 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after buying an additional 11,370 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after buying an additional 666 shares during the last quarter. Finally, Woodline Partners LP grew its position in CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after buying an additional 10,984 shares during the period. 96.60% of the stock is owned by institutional investors.
CoStar Group Trading Down 1.8%
Shares of CSGP opened at $29.34 on Thursday. The business has a 50-day moving average of $32.19 and a 200 day moving average of $44.36. CoStar Group, Inc. has a fifty-two week low of $28.18 and a fifty-two week high of $97.43. The firm has a market cap of $11.98 billion, a P/E ratio of 489.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.
Insider Activity at CoStar Group
In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.
Analyst Ratings Changes
CSGP has been the subject of a number of research analyst reports. Bank of America decreased their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Benchmark initiated coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price on the stock. Citizens Jmp reduced their target price on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research note on Thursday, April 30th. Finally, Stephens lowered their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.
View Our Latest Analysis on CoStar Group
CoStar Group Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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