DF Dent & Co. Inc. Boosts Stake in CoStar Group, Inc. (NASDAQ:CSGP)

DF Dent & Co. Inc. increased its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 38.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,456,562 shares of the technology company's stock after acquiring an additional 682,984 shares during the period. CoStar Group comprises about 2.2% of DF Dent & Co. Inc.'s investment portfolio, making the stock its 14th biggest holding. DF Dent & Co. Inc. owned 0.60% of CoStar Group worth $175,865,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in shares of CoStar Group during the 4th quarter valued at about $25,000. ORG Partners LLC increased its holdings in CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after buying an additional 353 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of CoStar Group during the 4th quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of CoStar Group in the 4th quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company's stock worth $37,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock in a transaction on Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction of $139,745.10. Following the completion of the sale, the chief accounting officer now directly owns 29,456 shares of the company's stock, valued at $2,353,534.40. The trade was a 5.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.57% of the company's stock.

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Analysts Set New Price Targets

Several research firms have issued reports on CSGP. JPMorgan Chase & Co. cut their price target on CoStar Group from $99.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Needham & Company LLC cut their price objective on CoStar Group from $100.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a report on Wednesday, February 19th. StockNews.com downgraded CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $90.00 target price on shares of CoStar Group in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.07.

CoStar Group Trading Down 0.7 %

Shares of CSGP traded down $0.56 during midday trading on Tuesday, hitting $75.20. The stock had a trading volume of 1,638,761 shares, compared to its average volume of 2,689,546. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $95.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The stock's 50 day moving average is $77.28 and its 200 day moving average is $75.76. The firm has a market cap of $30.84 billion, a PE ratio of 215.85 and a beta of 0.88.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share 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 company had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. As a group, analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has authorized a share buyback program on Tuesday, February 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are 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.