GTS Securities LLC Has $218,000 Stake in CoStar Group, Inc. (NASDAQ:CSGP)

GTS Securities LLC reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 94.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,045 shares of the technology company's stock after selling 54,534 shares during the quarter. GTS Securities LLC's holdings in CoStar Group were worth $218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bamco Inc. NY boosted its holdings in shares of CoStar Group by 2.2% in the fourth quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company's stock valued at $1,374,783,000 after purchasing an additional 418,128 shares during the period. Capital International Investors raised its position in CoStar Group by 44.9% during the 4th quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock worth $1,004,578,000 after buying an additional 4,345,267 shares during the last quarter. Geode Capital Management LLC grew its position in CoStar Group by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 11,475,755 shares of the technology company's stock worth $819,678,000 after purchasing an additional 166,769 shares during the period. Akre Capital Management LLC raised its position in CoStar Group by 4.3% during the fourth quarter. Akre Capital Management LLC now owns 9,313,880 shares of the technology company's stock valued at $666,781,000 after acquiring an additional 379,787 shares in the last quarter. Finally, Polen Capital Management LLC acquired a new position in shares of CoStar Group in the 4th quarter valued at $465,134,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CSGP shares. Keefe, Bruyette & Woods increased their price target on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $99.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 19th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $85.00 price objective on shares of CoStar Group in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $87.54.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction of $139,745.10. Following the transaction, the chief accounting officer now directly owns 29,456 shares of the company's stock, valued at approximately $2,353,534.40. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.09% of the stock is owned by company insiders.

CoStar Group Stock Performance

CSGP traded up $1.22 on Tuesday, hitting $74.49. 1,049,733 shares of the company's stock were exchanged, compared to its average volume of 2,909,047. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $77.04 and a two-hundred day moving average of $76.23. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $83.68. The firm has a market cap of $31.43 billion, a PE ratio of 212.83 and a beta of 0.89.

CoStar Group declared that its board has initiated a stock buyback program on Tuesday, February 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.