CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 24.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,530 shares of the technology company's stock after purchasing an additional 14,829 shares during the period. Motley Fool Asset Management LLC's holdings in CoStar Group were worth $5,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vulcan Value Partners LLC increased its position in shares of CoStar Group by 90.1% during the second quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company's stock worth $306,831,000 after acquiring an additional 1,961,917 shares during the period. Select Equity Group L.P. purchased a new position in CoStar Group during the 2nd quarter worth $60,761,000. Renaissance Technologies LLC purchased a new position in CoStar Group during the 2nd quarter worth $46,692,000. Jupiter Asset Management Ltd. purchased a new position in shares of CoStar Group during the second quarter valued at $34,987,000. Finally, Icon Wealth Advisors LLC increased its stake in shares of CoStar Group by 8,314.1% during the third quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company's stock valued at $30,925,000 after buying an additional 405,062 shares during the period. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance purchased 14,731 shares of the business's stock in a transaction on Friday, October 25th. The shares were bought at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the purchase, the chief executive officer now directly owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the sale, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Analyst Ratings Changes

CSGP has been the topic of several research reports. BMO Capital Markets cut their price objective on shares of CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a report on Thursday, October 24th. Citigroup cut their price target on CoStar Group from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada lowered CoStar Group from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $96.00 to $83.00 in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of CoStar Group in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $93.25.

CoStar Group Price Performance

Shares of CoStar Group stock traded down $0.40 on Wednesday, reaching $79.75. The company's stock had a trading volume of 2,059,771 shares, compared to its average volume of 2,380,229. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $75.99 and a 200-day moving average price of $76.39. The company has a market capitalization of $32.69 billion, a P/E ratio of 182.16 and a beta of 0.83. 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 issued its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The firm had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same period last year, the company posted $0.25 EPS. CoStar Group's quarterly revenue was up 10.9% compared to the same quarter last year. Analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current year.

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.