CoStar Group, Inc. (NASDAQ:CSGP) Stock Holdings Lessened by Yarbrough Capital LLC

Yarbrough Capital LLC lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 66.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,810 shares of the technology company's stock after selling 25,140 shares during the period. Yarbrough Capital LLC's holdings in CoStar Group were worth $1,015,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CSGP. Steward Partners Investment Advisory LLC raised its stake in CoStar Group by 497.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock valued at $511,000 after purchasing an additional 5,940 shares during the period. Allworth Financial LP raised its stake in CoStar Group by 9.7% during the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock valued at $144,000 after purchasing an additional 173 shares during the period. Allspring Global Investments Holdings LLC raised its stake in CoStar Group by 6.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 482,712 shares of the technology company's stock valued at $34,190,000 after purchasing an additional 31,152 shares during the period. Atria Wealth Solutions Inc. raised its stake in CoStar Group by 2.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock valued at $557,000 after purchasing an additional 176 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in CoStar Group during the 4th quarter valued at $30,000. Institutional investors own 96.60% of the company's stock.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the transaction, the chief accounting officer now owns 29,456 shares of the company's stock, valued at $2,353,534.40. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.09% of the stock is owned by company insiders.

CoStar Group Stock Up 0.4%

Shares of CSGP opened at $78.52 on Friday. The company has a 50-day simple moving average of $76.88 and a 200-day simple moving average of $76.31. The firm has a market capitalization of $33.13 billion, a P/E ratio of 224.34 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $83.68.

CoStar Group declared that its board has initiated a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSGP. JMP Securities reissued a "market outperform" rating and set a $85.00 target price on shares of CoStar Group in a research note on Wednesday, April 30th. Stephens restated an "overweight" rating and set a $103.00 price target on shares of CoStar Group in a report on Tuesday, February 18th. Craig Hallum initiated coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "buy" rating on the stock. Piper Sandler initiated coverage on shares of CoStar Group in a report on Friday, February 28th. They set an "overweight" rating on the stock. Finally, Citigroup lowered their price target on shares of CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, CoStar Group presently has an average rating of "Moderate Buy" and a consensus price target of $87.54.

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.

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