First Bank & Trust Has $1.96 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

First Bank & Trust boosted its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 18.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,737 shares of the technology company's stock after purchasing an additional 3,893 shares during the quarter. First Bank & Trust's holdings in CoStar Group were worth $1,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY grew its stake in shares of CoStar Group by 2.2% in the fourth 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 boosted its holdings 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 valued at $1,004,578,000 after purchasing an additional 4,345,267 shares during the period. Geode Capital Management LLC grew its position in shares of CoStar Group by 1.5% during 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 in the last quarter. Akre Capital Management LLC increased its holdings in shares of CoStar Group by 4.3% during the fourth 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 during the period. Finally, Polen Capital Management LLC acquired a new stake in shares of CoStar Group in the fourth quarter valued at approximately $465,134,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CSGP shares. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research note on Monday, June 16th. JMP Securities restated a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods upped their price objective on shares of CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Bank of America began coverage on shares of CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price on the stock. Two 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 stock. According to MarketBeat.com, CoStar Group presently has a consensus rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group Price Performance

Shares of CSGP traded up $0.64 during trading hours on Thursday, reaching $82.06. The stock had a trading volume of 1,046,583 shares, compared to its average volume of 2,905,772. The stock has a market capitalization of $34.62 billion, a PE ratio of 282.96, a PEG ratio of 4.10 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. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. The company's 50-day moving average is $77.93 and its two-hundred day moving average is $76.60.

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.