Blue Zone Wealth Advisors LLC Buys 4,369 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Blue Zone Wealth Advisors LLC raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 7.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,673 shares of the technology company's stock after acquiring an additional 4,369 shares during the period. Blue Zone Wealth Advisors LLC's holdings in CoStar Group were worth $4,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC lifted its stake in CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after acquiring an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group during the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in CoStar Group by 17,100.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company's stock valued at $37,000 after acquiring an additional 513 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of CoStar Group in the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co lifted its stake in shares of CoStar Group by 1,825.5% in the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company's stock worth $70,000 after purchasing an additional 931 shares during the period. Institutional investors own 96.60% of the company's stock.

Insider Activity at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business's 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 completion of the transaction, the insider now directly owns 58,798 shares of the company's stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSGP shares. JPMorgan Chase & Co. lowered their price objective on shares of CoStar Group from $99.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday. Stephens reaffirmed an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a report on Tuesday. Keefe, Bruyette & Woods cut their target price 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. JMP Securities reissued a "market outperform" rating and issued a $90.00 target price on shares of CoStar Group in a report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.00.

CoStar Group Trading Down 1.1 %

Shares of NASDAQ CSGP traded down $0.87 during mid-day trading on Thursday, reaching $78.35. 4,804,679 shares of the company's stock were exchanged, compared to its average volume of 2,760,711. 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 firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 223.84 and a beta of 0.87. The company's 50-day moving average is $73.82 and its 200-day moving average is $75.37. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $709.40 million for the quarter, compared to the consensus estimate of $703.00 million. CoStar Group had a return on equity of 3.13% and a net margin of 5.07%. 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 buyback program on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

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.