4,363 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,363 shares of the technology company's stock, valued at approximately $312,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Polen Capital Management LLC bought a new stake in CoStar Group in the 4th quarter valued at approximately $465,134,000. Norges Bank acquired a new stake in shares of CoStar Group in the fourth quarter valued at approximately $390,755,000. Capital International Investors lifted its position in shares of CoStar Group by 44.9% in the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock worth $1,004,578,000 after purchasing an additional 4,345,267 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in CoStar Group by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,415,895 shares of the technology company's stock worth $459,314,000 after purchasing an additional 1,267,263 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in CoStar Group by 2,181.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,129,307 shares of the technology company's stock valued at $80,847,000 after purchasing an additional 1,079,815 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

Insider Activity at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the company'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. This represents a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.57% of the stock is currently owned by corporate insiders.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded down $1.29 during trading on Friday, reaching $74.56. 2,300,106 shares of the stock were exchanged, compared to its average volume of 2,851,950. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $90.93. The stock has a 50-day moving average price of $78.26 and a 200-day moving average price of $76.18. 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 firm has a market cap of $31.45 billion, a PE ratio of 213.03 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The company had revenue of $709.40 million during the quarter, compared to analysts' expectations of $703.00 million. Research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. StockNews.com cut CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group started coverage on CoStar Group in a research report on Friday, February 28th. They set a "buy" rating on the stock. Craig Hallum initiated coverage on CoStar Group in a research note on Friday, February 28th. They set a "buy" rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on CoStar Group from $99.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.31.

About CoStar Group

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.