CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Choreo LLC

Choreo LLC reduced its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 27.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,252 shares of the technology company’s stock after selling 4,948 shares during the period. Choreo LLC’s holdings in CoStar Group were worth $952,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CSGP. ORG Partners LLC lifted its position in CoStar Group by 534.8% during the 4th 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. acquired a new stake in shares of CoStar Group during the fourth quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its position in CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after buying an additional 513 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in CoStar Group in the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co increased its holdings in 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 buying an additional 931 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.57% of the company’s stock.

CoStar Group Trading Down 1.2 %

Shares of NASDAQ:CSGP opened at $77.25 on Monday. The firm has a market capitalization of $31.67 billion, a price-to-earnings ratio of 175.57 and a beta of 0.87. The business’s 50 day moving average price is $74.31 and its 200-day moving average price is $75.49. 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSGP shares. StockNews.com cut shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods lowered their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Stephens reaffirmed an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research report on Wednesday, January 29th. BMO Capital Markets decreased their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

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.