Phraction Management LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 47.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,972 shares of the technology company's stock after acquiring an additional 4,785 shares during the period. Phraction Management LLC's holdings in CoStar Group were worth $1,186,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of CSGP. Colonial Trust Co SC raised its holdings in 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 buying an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP raised its holdings in CoStar Group by 0.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after buying an additional 146 shares during the last quarter. Aurora Investment Managers LLC. raised its holdings in CoStar Group by 0.7% in the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after buying an additional 164 shares during the last quarter. Moran Wealth Management LLC raised its holdings in CoStar Group by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after buying an additional 180 shares during the last quarter. Finally, CVA Family Office LLC raised its holdings in CoStar Group by 28.3% in the first quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after buying an additional 186 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have issued reports on CSGP shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a report on Tuesday, June 24th. Bank of America started coverage on shares of CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. Wells Fargo & Company lifted their target price on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their target price on shares of CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, JMP Securities reissued a "market outperform" rating and set a $85.00 price objective on shares of CoStar Group in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.69.
Read Our Latest Research Report on CoStar Group
CoStar Group Stock Performance
CSGP stock traded up $0.64 during midday trading on Friday, reaching $82.06. 1,046,583 shares of the company's stock traded hands, compared to its average volume of 2,911,706. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $83.68. The stock has a market cap of $34.62 billion, a P/E ratio of 282.96, a PEG ratio of 4.14 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. The stock's 50-day moving average is $77.92 and its 200 day moving average is $76.70.
CoStar Group Profile
(
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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