Envestnet Asset Management Inc. Sells 26,550 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Envestnet Asset Management Inc. cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,785,263 shares of the technology company's stock after selling 26,550 shares during the quarter. Envestnet Asset Management Inc. owned 0.44% of CoStar Group worth $141,446,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CSGP. Colonial Trust Co SC lifted its holdings in CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after purchasing an additional 145 shares in the last quarter. DoubleLine ETF Adviser LP lifted its holdings in CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after purchasing an additional 146 shares in the last quarter. Aurora Investment Managers LLC. lifted its holdings in CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after purchasing an additional 164 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after purchasing an additional 179 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its holdings in CoStar Group by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after purchasing an additional 180 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

Shares of CoStar Group stock 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 quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 294.59, a PEG ratio of 4.34 and a beta of 0.89. The firm's fifty day moving average is $78.46 and its 200-day moving average is $77.10. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $86.14.

Analysts Set New Price Targets

A number of analysts recently issued reports on CSGP shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a report on Tuesday, June 24th. Wells Fargo & Company raised their price target on CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a report on Wednesday, April 30th. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. 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. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.69.

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.