CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 68.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,085 shares of the technology company's stock after selling 9,047 shares during the quarter. Apollon Wealth Management LLC's holdings in CoStar Group were worth $324,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its position in shares of CoStar Group by 15.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,192 shares of the technology company's stock valued at $300,000 after acquiring an additional 573 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of CoStar Group by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 850 shares of the technology company's stock valued at $61,000 after acquiring an additional 370 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of CoStar Group by 40.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,836 shares of the technology company's stock valued at $275,000 after acquiring an additional 1,100 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of CoStar Group by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 38,855 shares of the technology company's stock valued at $2,782,000 after acquiring an additional 12,281 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of CoStar Group by 3.4% in the fourth quarter. American Century Companies Inc. now owns 61,350 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 2,041 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America assumed coverage on CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective on the stock. Needham & Company LLC upped their price objective on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research report on Monday, June 16th. Finally, Robert W. Baird upped their price objective on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.15.

CoStar Group Trading Up 6.9%

Shares of CoStar Group stock traded up $5.88 during trading hours on Wednesday, reaching $91.04. The stock had a trading volume of 3,723,512 shares, compared to its average volume of 2,912,833. The firm has a 50 day simple moving average of $79.40 and a two-hundred day simple moving average of $77.62. The firm has a market capitalization of $38.41 billion, a price-to-earnings ratio of 313.81, a P/E/G ratio of 4.28 and a beta of 0.89. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $91.12.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 3.11% and a net margin of 4.17%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

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.