CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,096,255 shares of the technology company's stock after purchasing an additional 9,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.51% of CoStar Group worth $158,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CSGP. Vulcan Value Partners LLC raised its position in shares of CoStar Group by 90.1% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company's stock worth $306,831,000 after acquiring an additional 1,961,917 shares in the last quarter. Select Equity Group L.P. acquired a new position in CoStar Group during the 2nd quarter valued at about $60,761,000. Renaissance Technologies LLC acquired a new position in CoStar Group during the 2nd quarter valued at about $46,692,000. Jupiter Asset Management Ltd. acquired a new position in CoStar Group during the 2nd quarter valued at about $34,987,000. Finally, Icon Wealth Advisors LLC increased its position in CoStar Group by 8,314.1% during the 3rd quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company's stock valued at $30,925,000 after buying an additional 405,062 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CSGP. JPMorgan Chase & Co. reduced their target price on CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets reduced their target price on CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a research report on Thursday, October 24th. StockNews.com lowered CoStar Group from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. Citigroup reduced their target price on CoStar Group from $97.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, CoStar Group has a consensus rating of "Moderate Buy" and an average price target of $93.25.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the company's stock in a transaction dated 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 owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the sale, the director now owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.57% of the company's stock.

CoStar Group Stock Performance

Shares of CSGP traded down $0.63 during mid-day trading on Friday, reaching $81.34. The company had a trading volume of 1,062,956 shares, compared to its average volume of 2,574,534. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $75.86 and a two-hundred day moving average of $76.59. The stock has a market capitalization of $33.35 billion, a P/E ratio of 184.87 and a beta of 0.82. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

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

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.