GWM Advisors LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 18.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 820 shares of the technology company’s stock after acquiring an additional 126 shares during the quarter. GWM Advisors LLC’s holdings in CoStar Group were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Childress Capital Advisors LLC bought a new stake in CoStar Group during the fourth quarter valued at approximately $25,000. Regent Peak Wealth Advisors LLC bought a new stake in CoStar Group during the fourth quarter valued at approximately $34,000. IFP Advisors Inc grew its position in CoStar Group by 264.3% during the fourth quarter. IFP Advisors Inc now owns 51 shares of the technology company’s stock valued at $47,000 after buying an additional 37 shares during the period. Jackson Grant Investment Advisers Inc. bought a new stake in CoStar Group during the fourth quarter valued at approximately $49,000. Finally, Capstone Triton Financial Group LLC bought a new stake in CoStar Group during the fourth quarter valued at approximately $54,000. Institutional investors own 95.06% of the company’s stock.
CSGP stock opened at $858.91 on Tuesday. The company’s fifty day moving average price is $864.08 and its 200-day moving average price is $875.30. CoStar Group, Inc. has a one year low of $604.96 and a one year high of $952.76. The company has a market capitalization of $33.92 billion, a PE ratio of 115.29 and a beta of 0.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 16.35 and a current ratio of 16.35.
In other CoStar Group news, CEO Andrew C. Florance sold 19,570 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $818.37, for a total transaction of $16,015,500.90. Also, CFO Scott T. Wheeler sold 7,326 shares of the business’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $843.28, for a total transaction of $6,177,869.28. The disclosure for this sale can be found here. Insiders sold 35,792 shares of company stock worth $29,631,818 in the last 90 days. 1.67% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on CSGP. TheStreet lowered shares of CoStar Group from a “b” rating to a “c+” rating in a research report on Tuesday, February 23rd. Zacks Investment Research raised shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $979.00 price target (up previously from $359.00) on shares of CoStar Group in a report on Monday, March 22nd. JMP Securities lifted their price target on shares of CoStar Group from $950.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Finally, Needham & Company LLC lifted their price target on shares of CoStar Group from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $941.27.
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. It offers CoStar Property Professional that provides inventory of office, industrial, retail, and multifamily, and student housing properties and land; CoStar COMPS Professional, which covers comparable commercial real estate sales information; 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.
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