Natixis Advisors LLC lessened its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 24.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 432,848 shares of the technology company’s stock after selling 138,417 shares during the quarter. Natixis Advisors LLC’s holdings in CoStar Group were worth $29,105,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CSGP. Lloyd Advisory Services LLC. bought a new stake in CoStar Group during the 4th quarter worth $29,000. Westside Investment Management Inc. increased its holdings in CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. IFP Advisors Inc raised its position in CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after purchasing an additional 471 shares during the last quarter. Rossby Financial LCC raised its position in CoStar Group by 47.5% in the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 162 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.
CoStar Group Price Performance
Shares of CSGP opened at $33.66 on Friday. The business has a 50-day moving average of $36.17 and a 200-day moving average of $50.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 561.09, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. CoStar Group, Inc. has a 1 year low of $31.35 and a 1 year high of $97.43.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CSGP. Citigroup lowered their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Zacks Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average price target of $55.33.
Check Out Our Latest Stock Analysis on CSGP
Insider Activity at CoStar Group
In other news, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.09% of the company’s stock.
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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