9,232 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Acquired by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,232 shares of the technology company's stock, valued at approximately $731,000. CoStar Group accounts for about 0.6% of Hamilton Lane Advisors LLC's holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSGP. Hopwood Financial Services Inc. bought a new position in shares of CoStar Group in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in CoStar Group during the fourth quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of 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 in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of CoStar Group during the fourth quarter valued at approximately $40,000. Finally, Private Trust Co. NA boosted its position in shares of CoStar Group by 969.5% in the 4th quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock worth $45,000 after purchasing an additional 572 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Up 1.8%

Shares of NASDAQ:CSGP traded up $1.37 during trading on Wednesday, reaching $77.06. The stock had a trading volume of 3,168,340 shares, compared to its average volume of 2,921,513. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $83.68. The firm's 50-day simple moving average is $76.95 and its 200 day simple moving average is $76.23. 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 company has a market capitalization of $32.51 billion, a P/E ratio of 220.17 and a beta of 0.89.

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of recent analyst reports. Wells Fargo & Company increased 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. Needham & Company LLC lifted their price objective on CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Piper Sandler initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued an "overweight" rating on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Craig Hallum initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and an average target price 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.