CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 27.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 82,448 shares of the technology company's stock after selling 31,586 shares during the period. SVB Wealth LLC's holdings in CoStar Group were worth $7,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. increased its holdings in CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company's stock worth $27,000 after acquiring an additional 173 shares in the last quarter. Quarry LP boosted its position in shares of CoStar Group by 75.5% in the first quarter. Quarry LP now owns 358 shares of the technology company's stock worth $25,000 after purchasing an additional 154 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of CoStar Group in the second quarter worth $33,000. Resurgent Financial Advisors LLC bought a new stake in shares of CoStar Group during the 4th quarter valued at $30,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of CoStar Group during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CSGP. Robert W. Baird increased their price target on CoStar Group from $90.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, March 18th. Royal Bank of Canada lifted their target price on CoStar Group from $95.00 to $109.00 and gave the company an "outperform" rating in a research note on Monday, March 25th. BTIG Research began coverage on CoStar Group in a report on Friday, January 19th. They issued a "neutral" rating on the stock. Citigroup increased their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Finally, Needham & Company LLC reduced their price objective on shares of CoStar Group from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $100.08.

CoStar Group Price Performance

CSGP stock traded down $0.83 during trading on Wednesday, hitting $85.46. 1,239,941 shares of the company's stock traded hands, compared to its average volume of 2,139,028. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The stock has a market capitalization of $34.90 billion, a price-to-earnings ratio of 92.89, a P/E/G ratio of 10.06 and a beta of 0.84. The business has a fifty day simple moving average of $89.03 and a 200 day simple moving average of $84.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same quarter last year, the firm earned $0.35 EPS. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts expect that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

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.