CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,022,692 shares of the technology company's stock after selling 357,374 shares during the quarter. Brown Advisory Inc. owned approximately 0.74% of CoStar Group worth $239,488,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CSGP. Hopwood Financial Services Inc. purchased a new stake in CoStar Group in the 4th quarter worth approximately $25,000. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group during the first quarter worth $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CoStar Group in the fourth quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of CoStar Group by 414.4% in 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 period. Finally, Colonial Trust Co SC increased its stake in CoStar Group by 27.4% in the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Down 0.7%

Shares of CSGP stock traded down $0.62 during trading hours on Friday, reaching $85.43. The company had a trading volume of 2,361,767 shares, compared to its average volume of 2,901,095. The company has a market capitalization of $36.04 billion, a P/E ratio of 294.59, a price-to-earnings-growth ratio of 4.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $86.33. The stock's fifty day simple moving average is $78.46 and its 200 day simple moving average is $77.10.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSGP. JMP Securities reissued a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a research report on Tuesday, June 24th. Needham & Company LLC increased their price target 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, Wells Fargo & Company lifted their price target on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.69.

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.