CoStar Group, Inc. (NASDAQ:CSGP) Stock Position Decreased by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,199 shares of the technology company's stock after selling 8,562 shares during the period. CoStar Group comprises approximately 1.0% of Motley Fool Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Motley Fool Wealth Management LLC owned approximately 0.06% of CoStar Group worth $19,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of 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 during the last quarter. Pinnacle Bancorp Inc. acquired a new position in CoStar Group during the fourth quarter worth approximately $37,000. CVA Family Office LLC acquired a new position in CoStar Group during the fourth quarter worth approximately $60,000. KB Financial Partners LLC increased its position in CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company's stock worth $63,000 after buying an additional 124 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in shares of CoStar Group by 78.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company's stock valued at $107,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 96.60% of the company's stock.

CoStar Group Stock Up 2.6 %

Shares of CoStar Group stock traded up $2.31 during trading hours on Friday, reaching $92.65. The company's stock had a trading volume of 2,234,096 shares, compared to its average volume of 2,004,094. The stock's fifty day simple moving average is $89.77 and its two-hundred day simple moving average is $84.80. The company has a market capitalization of $37.83 billion, a P/E ratio of 126.92, a P/E/G ratio of 10.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 9.09. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. On average, research analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

CSGP has been the topic of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $110.00 price target on shares of CoStar Group in a research note on Friday, April 12th. Needham & Company LLC upped their target price on CoStar Group from $90.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup upped their price target on CoStar Group from $90.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Jefferies Financial Group upped their target price on CoStar Group from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Finally, Stephens reissued an "overweight" rating and issued a $105.00 price target on shares of CoStar Group in a report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $102.46.

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.