4,336 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Bought by 111 Capital

111 Capital purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,336 shares of the technology company's stock, valued at approximately $310,000.

Other large investors have also recently bought and sold shares of the company. Bamco Inc. NY grew its holdings in shares of CoStar Group by 2.2% during the 4th quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company's stock valued at $1,374,783,000 after acquiring an additional 418,128 shares in the last quarter. Capital International Investors increased its position in CoStar Group by 44.9% in the 4th quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock worth $1,004,578,000 after purchasing an additional 4,345,267 shares during the last quarter. Geode Capital Management LLC increased its position in CoStar Group by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 11,475,755 shares of the technology company's stock worth $819,678,000 after purchasing an additional 166,769 shares during the last quarter. Akre Capital Management LLC raised its stake in shares of CoStar Group by 4.3% during the 4th quarter. Akre Capital Management LLC now owns 9,313,880 shares of the technology company's stock worth $666,781,000 after purchasing an additional 379,787 shares in the last quarter. Finally, Polen Capital Management LLC acquired a new stake in shares of CoStar Group during the 4th quarter valued at about $465,134,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock in a transaction on Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the transaction, the chief accounting officer now owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is owned by corporate insiders.

CoStar Group Price Performance

Shares of NASDAQ:CSGP traded down $0.57 during midday trading on Monday, reaching $72.99. 1,279,745 shares of the company's stock were exchanged, compared to its average volume of 2,910,697. The company's 50 day simple moving average is $77.19 and its two-hundred day simple moving average is $76.22. 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 firm has a market capitalization of $30.79 billion, a PE ratio of 208.53 and a beta of 0.89. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68.

CoStar Group declared that its board has initiated a share repurchase plan on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

CSGP has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research report on Thursday, April 17th. Citigroup cut their price target on shares of CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Piper Sandler started coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued an "overweight" rating for the company. Stephens reissued an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a research note on Tuesday, February 18th. Finally, JMP Securities reiterated a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and an average target price of $87.54.

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.