CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,682 shares of the technology company's stock after selling 5,721 shares during the period. DAVENPORT & Co LLC's holdings in CoStar Group were worth $5,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CSGP. Hopwood Financial Services Inc. purchased a new stake in shares of CoStar Group during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in shares of CoStar Group during the 4th quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC increased 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 valued at $36,000 after acquiring an additional 402 shares during the last quarter. Private Trust Co. NA boosted its stake in CoStar Group by 969.5% during the 4th quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock valued at $45,000 after purchasing an additional 572 shares during the period. Finally, Colonial Trust Co SC lifted its position in shares of CoStar Group by 27.4% in 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 period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSGP has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Needham & Company LLC boosted their price target on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Bank of America began coverage on CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price on the stock. Wells Fargo & Company boosted their price target on CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 30th. Finally, Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a research report on Monday, June 16th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.69.

CoStar Group Trading Down 0.6%

CSGP traded down $0.52 on Monday, reaching $81.60. 2,291,415 shares of the company traded hands, compared to its average volume of 2,909,225. The firm has a fifty day simple moving average of $77.91 and a two-hundred day simple moving average of $76.82. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $83.68. The company has a market cap of $34.43 billion, a P/E ratio of 281.38, a price-to-earnings-growth ratio of 4.14 and a beta of 0.89. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12.

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.