Caisse DE Depot ET Placement DU Quebec Sells 24,995 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,744 shares of the technology company's stock after selling 24,995 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in CoStar Group were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in CoStar Group during the fourth quarter worth approximately $25,000. ORG Partners LLC grew its holdings in shares of CoStar Group by 534.8% in 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 last quarter. SBI Securities Co. Ltd. acquired a new position in shares of CoStar Group in the 4th quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group during the fourth quarter worth $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after purchasing an additional 402 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction of $139,745.10. Following the completion of the transaction, the chief accounting officer now owns 29,456 shares of the company's stock, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.57% of the company's stock.

CoStar Group Stock Down 1.7 %

Shares of CSGP stock traded down $1.29 on Friday, hitting $74.56. The company's stock had a trading volume of 2,300,106 shares, compared to its average volume of 2,851,950. The stock has a market capitalization of $31.45 billion, a price-to-earnings ratio of 213.03 and a beta of 0.89. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $90.93. The firm's fifty day moving average price is $78.26 and its 200-day moving average price is $76.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The company had revenue of $709.40 million during the quarter, compared to analysts' expectations of $703.00 million. Research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its Board of Directors has approved a share repurchase program on Tuesday, February 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSGP. Keefe, Bruyette & Woods boosted their price objective on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. William Blair began coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "market perform" rating on the stock. Wells Fargo & Company raised their price objective on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 30th. Craig Hallum assumed coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a "buy" rating on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.31.

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.