Chevy Chase Trust Holdings LLC grew its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,229 shares of the technology company's stock after acquiring an additional 3,378 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of CoStar Group worth $17,528,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in shares of CoStar Group in the fourth quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in shares of CoStar Group in the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC raised its stake 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 worth $36,000 after purchasing an additional 402 shares during the last quarter. Private Trust Co. NA raised its stake in shares of CoStar Group by 969.5% in the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock worth $45,000 after purchasing an additional 572 shares during the last quarter. Finally, Colonial Trust Co SC raised its stake in shares of 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 purchasing an additional 145 shares during the last quarter. 96.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on CSGP shares. William Blair started coverage on CoStar Group in a research report on Friday, February 28th. They set a "market perform" rating for the company. Craig Hallum started coverage on CoStar Group in a research report on Friday, February 28th. They set a "buy" rating for the company. Needham & Company LLC upped their price objective on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler started coverage on CoStar Group in a research report on Friday, February 28th. They set an "overweight" rating for the company. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CoStar Group presently has an average rating of "Moderate Buy" and an average price target of $87.69.
Read Our Latest Stock Report on CoStar Group
CoStar Group Price Performance
CSGP traded down $0.74 during trading on Friday, reaching $80.76. 3,549,432 shares of the stock were exchanged, compared to its average volume of 2,910,352. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01. The company has a market capitalization of $34.07 billion, a price-to-earnings ratio of 278.48, a P/E/G ratio of 4.11 and a beta of 0.87. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $83.68. The business's 50 day moving average price is $77.87 and its two-hundred day moving average price is $76.44.
CoStar Group Company Profile
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Free Report)
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.
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