CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Caden Capital Partners LP

Caden Capital Partners LP grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 118.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,863 shares of the technology company's stock after purchasing an additional 210,171 shares during the period. CoStar Group makes up approximately 8.5% of Caden Capital Partners LP's investment portfolio, making the stock its 7th largest holding. Caden Capital Partners LP owned 0.09% of CoStar Group worth $27,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. bought a new stake in shares of CoStar Group during the 4th quarter worth about $25,000. ORG Partners LLC increased its stake in shares of CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after acquiring an additional 353 shares during the period. SBI Securities Co. Ltd. bought a new stake in CoStar Group during the fourth quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group during the 4th quarter valued at $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in CoStar Group by 414.4% during the 4th 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 in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSGP has been the subject of several research reports. StockNews.com cut CoStar Group from a "hold" rating to a "sell" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price objective on shares of CoStar Group from $99.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Stephens reiterated an "overweight" rating and issued a $103.00 target price on shares of CoStar Group in a report on Tuesday, February 18th. Royal Bank of Canada restated a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a report on Thursday, April 17th. Finally, Citigroup dropped their price target on CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.31.

CoStar Group Stock Up 1.8 %

Shares of CSGP stock traded up $1.38 on Friday, reaching $77.96. 3,252,954 shares of the company's stock traded hands, compared to its average volume of 2,819,496. The company has a market capitalization of $31.97 billion, a P/E ratio of 222.74 and a beta of 0.88. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $92.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. The business's 50 day moving average price is $78.28 and its two-hundred day moving average price is $76.23.

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

CoStar Group declared that its board has approved a share repurchase program on Tuesday, February 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the transaction, the chief accounting officer now directly owns 29,456 shares of the company's stock, valued at $2,353,534.40. This represents a 5.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.57% of the company's stock.

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.