SG Americas Securities LLC Has $369,000 Position in CoStar Group, Inc. (NASDAQ:CSGP)

SG Americas Securities LLC cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 93.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,159 shares of the technology company’s stock after selling 68,407 shares during the period. SG Americas Securities LLC’s holdings in CoStar Group were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in shares of CoStar Group by 4.4% during the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after purchasing an additional 722,153 shares during the period. Geode Capital Management LLC grew its position in CoStar Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company’s stock worth $850,656,000 after acquiring an additional 236,407 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CoStar Group by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,684,373 shares of the technology company’s stock valued at $202,509,000 after buying an additional 76,916 shares in the last quarter. JPMorgan Chase & Co. increased its position in CoStar Group by 73.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock valued at $177,913,000 after acquiring an additional 1,001,177 shares in the last quarter. Finally, Barclays PLC raised its position in CoStar Group by 91.4% in the 3rd quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock worth $169,678,000 after purchasing an additional 1,073,793 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSGP has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a research note on Friday, January 10th. JMP Securities restated a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of CoStar Group in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $92.33.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $76.80 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The stock has a market capitalization of $31.48 billion, a PE ratio of 174.55 and a beta of 0.87. The business has a fifty day moving average price of $74.67 and a two-hundred day moving average price of $75.41. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38.

Insiders Place Their Bets

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the transaction, the insider now owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.57% of the company’s stock.

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.