Foster Victor Wealth Advisors LLC Increases Position in CoStar Group, Inc. (NASDAQ:CSGP)

Foster Victor Wealth Advisors LLC boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,869 shares of the technology company’s stock after purchasing an additional 20,977 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in CoStar Group were worth $13,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC grew its stake in 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 purchasing an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group during the 4th quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after acquiring an additional 513 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group in the 3rd quarter valued at approximately $40,000. Finally, Quarry LP acquired a new stake in shares of CoStar Group during the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on CSGP shares. Stephens reiterated an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research note on Thursday, January 2nd. BMO Capital Markets cut their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.33.

CoStar Group Stock Performance

CoStar Group stock opened at $76.12 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. The company has a market cap of $31.21 billion, a P/E ratio of 173.00 and a beta of 0.85. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The firm’s 50 day simple moving average is $74.76 and its 200-day simple moving average is $75.41.

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.