First Trust Direct Indexing L.P. Has $644,000 Stake in CoStar Group, Inc. (NASDAQ:CSGP)

First Trust Direct Indexing L.P. increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 13.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,368 shares of the technology company’s stock after acquiring an additional 861 shares during the period. First Trust Direct Indexing L.P.’s holdings in CoStar Group were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC increased its stake in shares of CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Wealth Alliance boosted its holdings in CoStar Group by 3.0% in the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock worth $397,000 after purchasing an additional 132 shares in the last quarter. Keybank National Association OH boosted its holdings in CoStar Group by 0.6% in the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after purchasing an additional 133 shares in the last quarter. HBK Sorce Advisory LLC increased its position in CoStar Group by 2.8% during the third quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock worth $383,000 after buying an additional 135 shares during the last quarter. Finally, Certuity LLC raised its holdings in CoStar Group by 4.8% during the third quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock valued at $250,000 after buying an additional 149 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 1.6 %

NASDAQ CSGP opened at $91.23 on Friday. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The stock has a market cap of $37.25 billion, a PE ratio of 124.97, a PEG ratio of 10.21 and a beta of 0.84. The firm has a 50-day simple moving average of $90.60 and a 200 day simple moving average of $85.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.09 and a current ratio of 9.09.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling

In other news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now directly owns 303,417 shares in the company, valued at approximately $28,099,448.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the sale, the insider now directly owns 64,087 shares in the company, valued at $5,938,942.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The disclosure for this sale can be found here. 1.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSGP. Needham & Company LLC upped their price target on CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. BTIG Research started coverage on CoStar Group in a report on Friday, January 19th. They set a “neutral” rating on the stock. Citigroup boosted their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird raised their target price on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, Stephens reissued an “overweight” rating and set a $105.00 target price on shares of CoStar Group in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

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.