Allspring Global Investments Holdings LLC lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 482,712 shares of the technology company's stock after buying an additional 31,152 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of CoStar Group worth $34,190,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Bleakley Financial Group LLC raised its stake in shares of CoStar Group by 1.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company's stock worth $652,000 after buying an additional 138 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of CoStar Group by 2.0% in the 3rd quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company's stock worth $606,000 after acquiring an additional 161 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of CoStar Group by 1.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company's stock worth $1,443,000 after acquiring an additional 209 shares during the period. Bell Bank grew its holdings in shares of CoStar Group by 1.3% in the 3rd quarter. Bell Bank now owns 18,232 shares of the technology company's stock worth $1,375,000 after acquiring an additional 234 shares during the period. Finally, FWG Holdings LLC grew its holdings in shares of CoStar Group by 4.1% in the 3rd quarter. FWG Holdings LLC now owns 6,212 shares of the technology company's stock worth $462,000 after acquiring an additional 247 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. William Blair restated an "outperform" rating on shares of CoStar Group in a report on Monday, January 6th. BMO Capital Markets lowered their price target on CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a report on Thursday, October 24th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of CoStar Group in a report on Monday, December 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. Finally, Wells Fargo & Company started coverage on CoStar Group in a report on Wednesday, February 5th. They set an "underweight" rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and an average price target of $90.23.
Get Our Latest Research Report on CoStar Group
Insider Activity at CoStar Group
In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is owned by insiders.
CoStar Group Trading Up 0.7 %
CoStar Group stock traded up $0.55 during midday trading on Tuesday, reaching $74.61. The stock had a trading volume of 2,009,423 shares, compared to its average volume of 2,429,252. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The stock has a market capitalization of $30.59 billion, a PE ratio of 169.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The stock's 50-day simple moving average is $73.81 and its 200 day simple moving average is $75.34.
CoStar Group Company Profile
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Free Report)
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.
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