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

Motley Fool Wealth Management LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 28.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,453 shares of the technology company's stock after acquiring an additional 86,483 shares during the quarter. CoStar Group comprises 1.5% of Motley Fool Wealth Management LLC's holdings, making the stock its 17th largest holding. Motley Fool Wealth Management LLC owned approximately 0.10% of CoStar Group worth $29,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in shares of CoStar Group during the third quarter worth $40,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of CoStar Group during the second quarter worth $49,000. Quarry LP purchased a new position in shares of CoStar Group during the second quarter worth $54,000. Rothschild Investment LLC purchased a new position in shares of CoStar Group during the second quarter worth $73,000. Finally, Blue Trust Inc. boosted its position in shares of CoStar Group by 493.4% during the second quarter. Blue Trust Inc. now owns 1,080 shares of the technology company's stock worth $80,000 after buying an additional 898 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Performance

Shares of CSGP traded down $0.19 during midday trading on Wednesday, reaching $79.96. 850,204 shares of the stock were exchanged, compared to its average volume of 2,379,425. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 182.16 and a beta of 0.83. The business's 50-day moving average price is $75.99 and its 200 day moving average price is $76.39.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results 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 return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. During the same period in the previous year, the business earned $0.25 EPS. The business's quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CSGP. BMO Capital Markets lowered their price target on CoStar Group from $78.00 to $75.00 and set a "market perform" rating for the company in a research report on Thursday, October 24th. JMP Securities reiterated a "market outperform" rating and issued a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of CoStar Group in a report on Tuesday, November 19th. StockNews.com lowered CoStar Group from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Finally, Royal Bank of Canada lowered CoStar Group from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $96.00 to $83.00 in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $93.25.

Insider Activity

In related news, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction on Friday, October 25th. The stock was purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, the chief executive officer now directly owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. The trade was a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Desmarais sold 5,500 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now directly owns 58,798 shares of the company's stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.57% of the company's stock.

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.