One Wealth Capital Management LLC Makes New Investment in CoStar Group, Inc. (NASDAQ:CSGP)

One Wealth Capital Management LLC acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,528 shares of the technology company’s stock, valued at approximately $324,000.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC raised its holdings in CoStar Group by 58.1% in the 2nd quarter. Private Advisor Group LLC now owns 10,048 shares of the technology company’s stock valued at $745,000 after acquiring an additional 3,691 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in shares of CoStar Group by 18.0% in the second quarter. Lake Street Advisors Group LLC now owns 5,523 shares of the technology company’s stock valued at $409,000 after purchasing an additional 842 shares in the last quarter. Acadian Asset Management LLC bought a new position in CoStar Group in the second quarter worth $816,000. Caprock Group LLC acquired a new stake in CoStar Group during the second quarter worth $223,000. Finally, Quest Partners LLC increased its holdings in CoStar Group by 42,150.0% in the 2nd quarter. Quest Partners LLC now owns 5,070 shares of the technology company’s stock valued at $376,000 after buying an additional 5,058 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

NASDAQ CSGP traded down $0.81 on Tuesday, hitting $70.40. 1,106,128 shares of the company were exchanged, compared to its average volume of 1,798,310. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The firm has a 50 day moving average of $75.22 and a two-hundred day moving average of $75.51. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market cap of $28.86 billion, a P/E ratio of 160.00 and a beta of 0.85.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. CoStar Group’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. On average, equities analysts predict that CoStar Group, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Monday. Royal Bank of Canada cut CoStar Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $96.00 to $83.00 in a report on Wednesday, October 23rd. Citigroup decreased their price target on CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Stephens reiterated an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average target price of $93.08.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 14,731 shares of the business’s stock in a transaction on Friday, October 25th. The shares were bought at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the sale, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. 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.