Ashford Capital Management Inc. Has $22.78 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Ashford Capital Management Inc. cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,148 shares of the technology company’s stock after selling 1,940 shares during the quarter. CoStar Group makes up 2.7% of Ashford Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Ashford Capital Management Inc. owned approximately 0.08% of CoStar Group worth $22,776,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CoStar Group by 26.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,647,849 shares of the technology company’s stock valued at $189,560,000 after purchasing an additional 551,594 shares in the last quarter. Voloridge Investment Management LLC bought a new position in CoStar Group in the 4th quarter valued at approximately $2,402,000. Woodline Partners LP bought a new position in CoStar Group in the 4th quarter valued at approximately $1,763,000. Vident Advisory LLC boosted its position in CoStar Group by 6.0% in the fourth quarter. Vident Advisory LLC now owns 16,167 shares of the technology company’s stock valued at $1,157,000 after buying an additional 917 shares in the last quarter. Finally, Sone Capital Management LLC bought a new stake in shares of CoStar Group during the fourth quarter worth $789,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the transaction, the chief accounting officer now directly owns 29,456 shares of the company’s stock, valued at $2,353,534.40. The trade was a 5.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Down 0.1%

Shares of NASDAQ CSGP opened at $76.91 on Tuesday. The company’s 50 day moving average price is $78.03 and its 200-day moving average price is $76.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $87.86. The company has a market capitalization of $32.45 billion, a P/E ratio of 219.74 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. Equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on CoStar Group from $99.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods increased their target price on CoStar Group from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. JMP Securities restated a “market outperform” rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on CoStar Group from $63.00 to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, April 30th. Finally, William Blair began coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.31.

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.