Hantz Financial Services Inc. grew its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 2,114.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,313 shares of the technology company's stock after purchasing an additional 80,505 shares during the quarter. Hantz Financial Services Inc.'s holdings in CoStar Group were worth $6,036,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. ORG Partners LLC lifted its position in shares of CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company's stock worth $30,000 after buying an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CoStar Group in the fourth quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in CoStar Group by 17,100.0% in the fourth 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 in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of CoStar Group during the third quarter worth about $40,000. Finally, Quarry LP acquired a new stake in shares of CoStar Group during the second quarter worth about $54,000. 96.60% of the stock is owned by hedge funds and other institutional investors.
CoStar Group Price Performance
Shares of NASDAQ CSGP traded up $0.08 during midday trading on Friday, hitting $76.60. The company had a trading volume of 2,620,783 shares, compared to its average volume of 2,172,630. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of 174.09 and a beta of 0.85. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The business has a 50-day simple moving average of $74.67 and a two-hundred day simple moving average of $75.41. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.
Analyst Ratings Changes
A number of research firms recently issued reports on CSGP. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of CoStar Group in a research note on Monday, December 9th. Royal Bank of Canada restated a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. StockNews.com downgraded shares of CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. Stephens reissued an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.33.
Check Out Our Latest Analysis on CSGP
Insider Activity
In other 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 transaction of $439,340.00. Following the completion of the transaction, the insider now owns 58,798 shares of the company's stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.57% of the company's stock.
CoStar Group Profile
(
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.
Further Reading
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