CoStar Group, Inc. (NASDAQ:CSGP) Stake Raised by Krilogy Financial LLC

Krilogy Financial LLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,662 shares of the technology company's stock after purchasing an additional 8,387 shares during the period. Krilogy Financial LLC's holdings in CoStar Group were worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of CoStar Group during the third quarter worth $40,000. JPMorgan Chase & Co. increased its stake in CoStar Group by 73.8% during the third quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company's stock valued at $177,913,000 after purchasing an additional 1,001,177 shares during the last quarter. Telemark Asset Management LLC increased its stake in CoStar Group by 42.9% during the third quarter. Telemark Asset Management LLC now owns 500,000 shares of the technology company's stock valued at $37,720,000 after purchasing an additional 150,000 shares during the last quarter. Swedbank AB raised its holdings in shares of CoStar Group by 469.3% during the third quarter. Swedbank AB now owns 248,043 shares of the technology company's stock worth $18,712,000 after purchasing an additional 204,474 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of CoStar Group by 16.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 103,547 shares of the technology company's stock worth $7,812,000 after buying an additional 14,468 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Price Performance

Shares of CoStar Group stock traded up $0.43 during trading on Friday, hitting $73.85. The stock had a trading volume of 2,189,276 shares, compared to its average volume of 2,214,693. The business has a fifty day moving average of $74.67 and a two-hundred day moving average of $75.34. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The firm has a market cap of $30.28 billion, a P/E ratio of 167.84 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. During the same quarter last year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts expect that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on CSGP shares. William Blair restated an "outperform" rating on shares of CoStar Group in a research note on Monday, January 6th. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of CoStar Group in a research report on Monday, December 9th. Stephens restated an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a research note on Thursday, January 2nd. BMO Capital Markets cut their target price on CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup lowered their price target on shares of CoStar Group from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.92.

Insiders Place Their Bets

In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the sale, the director now directly owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. This represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

CoStar Group 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.