Envestnet Portfolio Solutions Inc. Has $9.38 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Envestnet Portfolio Solutions Inc. boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 168.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,419 shares of the technology company's stock after purchasing an additional 74,300 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in CoStar Group were worth $9,382,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new position in CoStar Group during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the fourth quarter valued at approximately $30,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after purchasing an additional 402 shares during the period. Centricity Wealth Management LLC acquired a new position in CoStar Group during the fourth quarter valued at approximately $40,000. Finally, Private Trust Co. NA grew its holdings in CoStar Group by 969.5% during the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock valued at $45,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a report on Thursday, April 17th. Bank of America initiated 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. Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. William Blair initiated coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a "market perform" rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of "Moderate Buy" and a consensus target price of $87.69.

CoStar Group Stock Performance

Shares of CSGP stock opened at $79.57 on Friday. The stock has a market cap of $33.57 billion, a P/E ratio of 274.38, a P/E/G ratio of 4.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01. The company has a fifty day moving average price of $77.72 and a two-hundred day moving average price of $76.36. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $83.68.

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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