Stephens Inc. AR Buys 6,482 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Stephens Inc. AR raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 25.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,166 shares of the technology company’s stock after buying an additional 6,482 shares during the quarter. Stephens Inc. AR’s holdings in CoStar Group were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC grew its holdings in shares of CoStar Group by 534.8% in the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after acquiring an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CoStar Group during the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of CoStar Group by 17,100.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after purchasing an additional 513 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of CoStar Group during the 3rd quarter valued at about $40,000. Finally, CENTRAL TRUST Co lifted its stake in shares of CoStar Group by 1,825.5% in the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock worth $70,000 after purchasing an additional 931 shares during the period. 96.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CSGP shares. Keefe, Bruyette & Woods cut their target price on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. JMP Securities reissued a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Stephens restated an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a research report on Wednesday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.23.

CoStar Group Trading Down 1.3 %

CSGP stock opened at $76.00 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The business has a 50 day simple moving average of $74.25 and a two-hundred day simple moving average of $75.48. The company has a market capitalization of $31.16 billion, a price-to-earnings ratio of 172.73 and a beta of 0.87.

Insider Transactions at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.57% of the company’s stock.

CoStar Group Company 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.