Ownership Capital B.V. Cuts Position in CoStar Group, Inc. (NASDAQ:CSGP)

Ownership Capital B.V. reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 39.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 625,788 shares of the technology company's stock after selling 412,599 shares during the period. CoStar Group makes up 2.3% of Ownership Capital B.V.'s portfolio, making the stock its 19th biggest position. Ownership Capital B.V. owned approximately 0.15% of CoStar Group worth $49,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSGP. Jones Financial Companies Lllp lifted its holdings in CoStar Group by 51.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,321 shares of the technology company's stock valued at $95,000 after acquiring an additional 451 shares during the period. SBI Securities Co. Ltd. bought a new position in CoStar Group in the fourth quarter valued at about $30,000. Steward Partners Investment Advisory LLC lifted its holdings in CoStar Group by 497.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock valued at $511,000 after acquiring an additional 5,940 shares during the period. Proficio Capital Partners LLC lifted its holdings in CoStar Group by 15.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,192 shares of the technology company's stock valued at $300,000 after acquiring an additional 573 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CoStar Group by 1.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,140 shares of the technology company's stock valued at $12,896,000 after acquiring an additional 2,578 shares during the period. 96.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSGP. JMP Securities reissued a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. Keefe, Bruyette & Woods upped their price target on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada restated a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a research report on Tuesday, June 24th. Needham & Company LLC upped their price target on CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.69.

CoStar Group Price Performance

NASDAQ CSGP traded down $0.62 during trading on Friday, hitting $85.43. 2,361,767 shares of the stock traded hands, compared to its average volume of 2,901,095. The company has a market capitalization of $36.04 billion, a P/E ratio of 294.59, a price-to-earnings-growth ratio of 4.34 and a beta of 0.89. The firm has a 50-day simple moving average of $78.46 and a 200-day simple moving average of $77.10. 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, Inc. has a 12-month low of $68.26 and a 12-month high of $86.14.

CoStar Group Company 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.