MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $22.90 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,875 shares of the technology company's stock after selling 4,791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of CoStar Group worth $22,900,000 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. Colonial Trust Co SC grew its position in CoStar Group by 27.4% in the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after buying an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP grew its holdings in shares of CoStar Group by 0.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after acquiring an additional 146 shares during the last quarter. Allworth Financial LP grew its holdings in shares of CoStar Group by 9.7% in the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock worth $144,000 after acquiring an additional 173 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of CoStar Group by 2.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock worth $557,000 after purchasing an additional 176 shares during the period. Finally, Moran Wealth Management LLC lifted its holdings in shares of CoStar Group by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock valued at $588,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the 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 transaction, the chief accounting officer now owns 29,456 shares of the company's stock, valued at approximately $2,353,534.40. This represents a 5.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.09% of the stock is currently owned by company insiders.

CoStar Group Stock Down 0.8%

Shares of NASDAQ:CSGP traded down $0.63 during midday trading on Tuesday, hitting $76.28. 900,283 shares of the stock were exchanged, compared to its average volume of 2,871,406. The company has a market capitalization of $32.18 billion, a PE ratio of 217.95 and a beta of 0.89. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $87.86. 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 fifty day simple moving average is $78.03 and its two-hundred day simple moving average is $76.30.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted 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. The company had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. As a group, research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

CSGP has been the topic of a number of analyst reports. Craig Hallum started coverage on CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a "buy" rating and a $89.00 target price on the stock. JPMorgan Chase & Co. reduced their price target 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. Needham & Company LLC raised their price objective on shares of CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Stephens reiterated an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.31.

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.