Kampmann Melissa S. Sells 5,240 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Kampmann Melissa S. cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,175 shares of the technology company's stock after selling 5,240 shares during the quarter. Kampmann Melissa S.'s holdings in CoStar Group were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CSGP. State Street Corp raised its position in CoStar Group by 4.4% in the third quarter. State Street Corp now owns 17,059,744 shares of the technology company's stock valued at $1,286,987,000 after purchasing an additional 722,153 shares during the last quarter. Geode Capital Management LLC raised its holdings in CoStar Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company's stock valued at $850,656,000 after buying an additional 236,407 shares during the last quarter. Polen Capital Management LLC acquired a new stake in CoStar Group during the 4th quarter worth approximately $465,134,000. Charles Schwab Investment Management Inc. boosted its position in CoStar Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,818,249 shares of the technology company's stock worth $201,758,000 after buying an additional 133,876 shares during the period. Finally, Amundi increased its position in CoStar Group by 30.1% in the 4th quarter. Amundi now owns 2,810,540 shares of the technology company's stock valued at $200,504,000 after acquiring an additional 650,454 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CSGP shares. Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $96.00 to $93.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. Craig Hallum began coverage on CoStar Group in a report on Friday, February 28th. They set a "buy" rating on the stock. Wells Fargo & Company decreased their price target on CoStar Group from $65.00 to $63.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on CoStar Group from $99.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.07.

CoStar Group Stock Up 2.1 %

Shares of CoStar Group stock traded up $1.68 during trading on Monday, reaching $80.14. 2,266,199 shares of the company traded hands, compared to its average volume of 2,544,542. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.64. 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 firm has a market capitalization of $32.87 billion, a PE ratio of 228.97 and a beta of 0.93. The company has a 50 day moving average price of $76.15 and a 200-day moving average price of $75.73.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The firm had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total transaction of $139,745.10. Following the transaction, the chief accounting officer now directly owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.57% of the company's stock.

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.