CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by abrdn plc

abrdn plc increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 72.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,150 shares of the technology company's stock after acquiring an additional 54,713 shares during the quarter. abrdn plc's holdings in CoStar Group were worth $9,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Concurrent Investment Advisors LLC grew its stake in shares of CoStar Group by 4.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company's stock valued at $242,000 after acquiring an additional 112 shares during the period. Picton Mahoney Asset Management lifted its position in shares of CoStar Group by 2.9% during the second 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 during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of CoStar Group by 1.6% in the third 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 period. Redmond Asset Management LLC grew its holdings in CoStar Group by 0.9% during the 1st quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company's stock worth $1,804,000 after acquiring an additional 169 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC increased its holdings in shares of CoStar Group by 0.5% in the 2nd quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company's stock valued at $2,688,000 after acquiring an additional 172 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Down 0.4 %

NASDAQ:CSGP traded down $0.29 during trading hours on Friday, reaching $72.50. 1,926,886 shares of the company were exchanged, compared to its average volume of 3,499,985. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 164.78 and a beta of 0.82. The stock has a 50 day simple moving average of $76.22 and a 200 day simple moving average of $78.29. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week 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.

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. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The business had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same quarter last year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts predict that CoStar Group, Inc. will post 0.52 EPS for the current year.

Insider Activity at CoStar Group

In related news, Director Michael R. Klein sold 71,633 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the sale, the director now directly owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew C. Florance purchased 14,731 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price 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 owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. This trade represents a 0.00 % 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CSGP shares. Bank of America cut their price target on shares of CoStar Group from $111.00 to $89.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group dropped their target price on CoStar Group from $108.00 to $93.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut shares of CoStar Group from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their price target 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 dropped their price objective on shares of CoStar Group from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.25.

About CoStar Group

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.