CoStar Group, Inc. (NASDAQ:CSGP) Stake Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 48.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 337,200 shares of the technology company's stock after selling 318,590 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of CoStar Group worth $26,716,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in CoStar Group during the 1st quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its position 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. Colonial Trust Co SC lifted its position in shares of CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after acquiring an additional 145 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of CoStar Group by 53.1% in the first quarter. SBI Securities Co. Ltd. now owns 652 shares of the technology company's stock valued at $52,000 after purchasing an additional 226 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of CoStar Group by 28.3% in the first quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Up 0.4%

Shares of NASDAQ CSGP opened at $85.01 on Tuesday. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $86.45. The stock has a market capitalization of $35.86 billion, a P/E ratio of 293.14, a P/E/G ratio of 4.27 and a beta of 0.89. The company has a 50-day moving average price of $79.40 and a 200-day moving average price of $77.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.

Analysts Set New Price Targets

CSGP has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a research report on Tuesday, June 24th. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a report on Monday, June 16th. 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 price target for the company. JMP Securities reiterated a "market outperform" rating and set a $85.00 target price on shares of CoStar Group in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.46.

About CoStar Group

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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