B. Metzler seel. Sohn & Co. AG Sells 3,590 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

B. Metzler seel. Sohn & Co. AG lowered its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,298 shares of the technology company's stock after selling 3,590 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in CoStar Group were worth $1,167,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in CoStar Group by 9.7% during the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock valued at $144,000 after acquiring an additional 173 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of CoStar Group by 2.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock worth $557,000 after purchasing an additional 176 shares during the period. Moran Wealth Management LLC grew its position in CoStar Group by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock valued at $588,000 after purchasing an additional 180 shares in the last quarter. FWG Holdings LLC increased its stake in CoStar Group by 3.5% in the 4th quarter. FWG Holdings LLC now owns 6,431 shares of the technology company's stock valued at $494,000 after buying an additional 219 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in CoStar Group by 5.2% in the 4th quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company's stock worth $317,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

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Insider Buying and Selling

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the sale, the chief accounting officer now directly owns 29,456 shares in the company, valued at $2,353,534.40. This represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.57% of the stock is owned by insiders.

CoStar Group Price Performance

CSGP stock traded up $0.58 during trading on Tuesday, hitting $76.33. 1,430,139 shares of the stock traded hands, compared to its average volume of 3,266,077. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of 218.03 and a beta of 0.88. The company has a 50 day simple moving average of $77.28 and a 200 day simple moving average of $75.76. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $95.71.

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

CoStar Group declared that its board has authorized a stock repurchase program on Tuesday, February 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

CSGP has been the subject of a number of recent research reports. Craig Hallum began coverage on CoStar Group in a research note on Friday, February 28th. They set a "buy" rating for the company. Keefe, Bruyette & Woods decreased their price objective on shares of CoStar Group from $96.00 to $93.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. StockNews.com downgraded CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $99.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, CoStar Group presently has a consensus rating of "Moderate Buy" and an average price target of $88.07.

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.