CoStar Group, Inc. (NASDAQ:CSGP) Holdings Decreased by Kelly Lawrence W & Associates Inc. CA

Kelly Lawrence W & Associates Inc. CA lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,540 shares of the technology company’s stock after selling 9,400 shares during the quarter. CoStar Group comprises about 2.2% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 21st biggest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in CoStar Group were worth $9,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in CoStar Group by 9.7% during the fourth quarter. Allworth Financial LP now owns 1,950 shares of the technology company’s stock valued at $144,000 after buying an additional 173 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of CoStar Group by 2.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company’s stock valued at $557,000 after purchasing an additional 176 shares in the last quarter. Moran Wealth Management LLC grew its stake in shares of CoStar Group by 2.2% in the 4th quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company’s stock worth $588,000 after purchasing an additional 180 shares during the last quarter. FWG Holdings LLC raised its holdings in shares of CoStar Group by 3.5% in the 4th quarter. FWG Holdings LLC now owns 6,431 shares of the technology company’s stock worth $494,000 after purchasing an additional 219 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in CoStar Group by 5.2% during the fourth quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company’s stock worth $317,000 after buying an additional 220 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the subject of a number of recent research reports. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods reduced their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft initiated coverage on CoStar Group in a research note on Friday, February 28th. They issued a “buy” rating and a $89.00 price target on the stock. Stephens reaffirmed an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research note on Tuesday, February 18th. Finally, Piper Sandler initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.54.

Insider Buying and Selling

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the sale, the chief accounting officer now owns 29,456 shares of the company’s stock, valued at $2,353,534.40. This trade represents a 5.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.57% of the stock is owned by insiders.

CoStar Group Stock Up 0.9 %

CSGP stock opened at $79.70 on Friday. The firm has a market cap of $32.69 billion, a PE ratio of 227.71 and a beta of 0.88. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $93.94. The company has a fifty day simple moving average of $77.48 and a 200 day simple moving average of $75.92. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The business had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has initiated a share buyback program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

About CoStar Group

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.