CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 319,875 shares of the technology company’s stock after selling 4,791 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of CoStar Group worth $22,900,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. LRT Capital Management LLC raised its position in CoStar Group by 193.7% during the fourth quarter. LRT Capital Management LLC now owns 11,484 shares of the technology company’s stock valued at $822,000 after buying an additional 7,574 shares during the period. Investment Management Corp of Ontario boosted its stake in shares of CoStar Group by 86.2% during the 4th quarter. Investment Management Corp of Ontario now owns 25,132 shares of the technology company’s stock worth $1,799,000 after acquiring an additional 11,638 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of CoStar Group by 187.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 98,108 shares of the technology company’s stock worth $7,024,000 after acquiring an additional 63,948 shares in the last quarter. Kensico Capital Management Corp bought a new stake in shares of CoStar Group during the 4th quarter worth about $51,244,000. Finally, Focus Partners Wealth bought a new stake in shares of CoStar Group during the 4th quarter worth about $43,895,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 29,456 shares of the company’s stock, valued at approximately $2,353,534.40. This represents a 5.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.57% of the company’s stock.

CoStar Group Trading Up 0.7%

CoStar Group stock opened at $75.69 on Thursday. The business has a 50 day moving average price of $78.10 and a two-hundred day moving average price of $76.19. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13. The stock has a market cap of $31.93 billion, a price-to-earnings ratio of 216.26 and a beta of 0.89. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $89.33.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $709.40 million during the quarter, compared to analysts’ expectations of $703.00 million. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CSGP. JPMorgan Chase & Co. decreased 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. Needham & Company LLC upped their price target on CoStar Group from $87.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. JMP Securities reiterated a “market outperform” rating and set a $85.00 price target on shares of CoStar Group in a research note on Wednesday, April 30th. Stephens reiterated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research note on Tuesday, February 18th. Finally, William Blair started coverage on CoStar Group in a research note on Friday, February 28th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.31.

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.