D.A. Davidson & CO. Grows Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

D.A. Davidson & CO. lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,289 shares of the technology company's stock after acquiring an additional 4,322 shares during the quarter. D.A. Davidson & CO.'s holdings in CoStar Group were worth $2,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in shares of CoStar Group during the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in shares of CoStar Group during the 4th quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after buying an additional 402 shares in the last quarter. Colonial Trust Co SC grew its position in CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after acquiring an additional 145 shares during the last quarter. Finally, CVA Family Office LLC grew its position in CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after acquiring an additional 186 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Up 2.0%

Shares of CoStar Group stock traded up $1.67 on Wednesday, hitting $84.50. The company had a trading volume of 2,025,870 shares, compared to its average volume of 2,909,853. The stock has a market capitalization of $35.65 billion, a price-to-earnings ratio of 291.38, a P/E/G ratio of 4.17 and a beta of 0.89. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $84.54. The stock has a 50 day moving average of $78.12 and a 200-day moving average of $76.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01.

Analyst Ratings Changes

CSGP has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. 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 target on the stock. Needham & Company LLC upped their price target on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a research report on Monday, June 16th. Finally, Wells Fargo & Company upped their price target on CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research report on Wednesday, April 30th. Two investment 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's stock. Based on data from MarketBeat.com, CoStar Group currently 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.