Steward Partners Investment Advisory LLC Has $511,000 Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Steward Partners Investment Advisory LLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 497.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,133 shares of the technology company's stock after purchasing an additional 5,940 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in CoStar Group were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of CoStar Group by 4.4% in the third quarter. State Street Corp now owns 17,059,744 shares of the technology company's stock worth $1,286,987,000 after acquiring an additional 722,153 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CoStar Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 11,308,986 shares of the technology company's stock worth $850,656,000 after acquiring an additional 236,407 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CoStar Group by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,684,373 shares of the technology company's stock worth $202,509,000 after acquiring an additional 76,916 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CoStar Group by 73.8% in the third quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company's stock worth $177,913,000 after acquiring an additional 1,001,177 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of CoStar Group by 91.4% in the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company's stock worth $169,678,000 after acquiring an additional 1,073,793 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

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Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 29,456 shares in the company, valued at approximately $2,353,534.40. This trade represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.57% of the stock is owned by corporate insiders.

CoStar Group Stock Performance

Shares of CSGP traded up $3.29 during mid-day trading on Friday, reaching $78.73. The company's stock had a trading volume of 2,874,362 shares, compared to its average volume of 3,343,156. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The stock has a market cap of $32.29 billion, a P/E ratio of 224.94 and a beta of 0.93. The business has a 50-day simple moving average of $75.32 and a two-hundred day simple moving average of $75.66. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

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

CoStar Group declared that its board has approved a share buyback program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CSGP shares. Stephens reaffirmed an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on CoStar Group from $65.00 to $63.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. Piper Sandler assumed coverage on CoStar Group in a research report on Friday, February 28th. They set an "overweight" rating for the company. StockNews.com cut CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.07.

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.