Envestnet Asset Management Inc. decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,785,263 shares of the technology company's stock after selling 26,550 shares during the quarter. Envestnet Asset Management Inc. owned about 0.44% of CoStar Group worth $141,446,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in CoStar Group in the fourth quarter valued at about $25,000. Wayfinding Financial LLC purchased a new stake in CoStar Group during the 1st quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in CoStar Group in the 4th quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in CoStar Group by 414.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after acquiring an additional 402 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings 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 valued at $48,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 96.60% of the company's stock.
CoStar Group Stock Up 1.8%
CoStar Group stock traded up $1.55 during midday trading on Thursday, reaching $86.05. The company's stock had a trading volume of 2,521,654 shares, compared to its average volume of 2,908,307. The business has a 50-day simple moving average of $78.12 and a 200-day simple moving average of $76.92. The company has a market cap of $36.30 billion, a P/E ratio of 296.72, a P/E/G ratio of 4.17 and a beta of 0.89. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $86.13. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CSGP. Bank of America began coverage on CoStar Group in a report on Friday, May 30th. They set a "neutral" rating and a $79.00 price target on the stock. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research report on Monday, June 16th. Royal Bank Of Canada restated a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a report on Tuesday, June 24th. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company upped their price target on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.69.
Read Our Latest Research Report on CoStar Group
About CoStar Group
(
Free Report)
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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