Bleakley Financial Group LLC Increases Holdings in CoStar Group, Inc. $CSGP

Bleakley Financial Group LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 5.4% in the second quarter, Holdings Channel reports. The fund owned 11,530 shares of the technology company’s stock after purchasing an additional 595 shares during the quarter. Bleakley Financial Group LLC’s holdings in CoStar Group were worth $927,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of CoStar Group by 28.3% in the 1st quarter. GAMMA Investing LLC now owns 6,335 shares of the technology company’s stock valued at $502,000 after purchasing an additional 1,397 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in CoStar Group by 6.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,131 shares of the technology company’s stock worth $3,021,000 after buying an additional 2,241 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in CoStar Group by 7.1% during the first quarter. Perigon Wealth Management LLC now owns 5,681 shares of the technology company’s stock worth $450,000 after buying an additional 376 shares during the period. Sequoia Financial Advisors LLC boosted its stake in CoStar Group by 371.9% during the first quarter. Sequoia Financial Advisors LLC now owns 46,073 shares of the technology company’s stock worth $3,650,000 after buying an additional 36,310 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in CoStar Group by 19.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,608 shares of the technology company’s stock valued at $10,359,000 after acquiring an additional 20,912 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Performance

CoStar Group stock opened at $77.89 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The company has a market capitalization of $33.00 billion, a PE ratio of 311.56, a P/E/G ratio of 3.66 and a beta of 0.87. The company has a 50 day moving average price of $84.24 and a 200-day moving average price of $82.75. CoStar Group, Inc. has a fifty-two week low of $68.41 and a fifty-two week high of $97.43.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the sale, the insider owned 319,539 shares of the company’s stock, valued at $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock worth $4,777,764 over the last 90 days. 1.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CSGP shares. Needham & Company LLC raised their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Wolfe Research started coverage on CoStar Group in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.15.

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.