Stephens Investment Management Group LLC Boosts Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Stephens Investment Management Group LLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 27.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,664 shares of the technology company's stock after purchasing an additional 133,072 shares during the quarter. Stephens Investment Management Group LLC owned about 0.15% of CoStar Group worth $46,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Concurrent Investment Advisors LLC raised its stake in CoStar Group by 4.7% in the first quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company's stock valued at $242,000 after purchasing an additional 112 shares in the last quarter. Picton Mahoney Asset Management increased its position in CoStar Group by 2.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company's stock worth $352,000 after purchasing an additional 135 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in CoStar Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company's stock valued at $652,000 after purchasing an additional 138 shares during the last quarter. Redmond Asset Management LLC grew its stake in shares of CoStar Group by 0.9% during the first quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company's stock worth $1,804,000 after buying an additional 169 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC increased its holdings in shares of CoStar Group by 0.5% during the second quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company's stock worth $2,688,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance acquired 14,731 shares of the firm's 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 acquisition, the chief executive officer now owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CoStar Group news, CEO Andrew C. Florance bought 14,731 shares of the business's stock in a transaction dated Friday, October 25th. The shares were purchased at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following 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 represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the transaction, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

CoStar Group Stock Down 0.4 %

CoStar Group stock traded down $0.29 during midday trading on Friday, reaching $72.50. The stock had a trading volume of 1,926,886 shares, compared to its average volume of 2,369,252. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a market capitalization of $29.72 billion, a P/E ratio of 165.44 and a beta of 0.81. The company has a fifty day moving average price of $76.31 and a two-hundred day moving average price of $78.50. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, equities analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CSGP. Bank of America cut their price objective on CoStar Group from $111.00 to $89.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. BMO Capital Markets cut their price objective on CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a report on Thursday, October 24th. Needham & Company LLC cut their price objective on CoStar Group from $107.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. JMP Securities reissued a "market outperform" rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. Finally, Keefe, Bruyette & Woods cut their price objective on CoStar Group from $109.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CoStar Group presently has an average rating of "Moderate Buy" and an average target price of $93.25.

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.