UMB Bank n.a. Has $5.92 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

UMB Bank n.a. boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,653 shares of the technology company's stock after purchasing an additional 4,778 shares during the quarter. UMB Bank n.a.'s holdings in CoStar Group were worth $5,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC increased its position in shares of CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after purchasing an additional 353 shares during the period. Ashton Thomas Securities LLC acquired a new stake in CoStar Group during the third quarter worth $40,000. Quarry LP bought a new stake in CoStar Group in the 2nd quarter valued at $54,000. Brooklyn Investment Group acquired a new position in shares of CoStar Group in the 3rd quarter valued at $91,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of CoStar Group by 55.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,374 shares of the technology company's stock worth $104,000 after acquiring an additional 488 shares during the period. Institutional investors 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 company's stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares of the company's stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

CoStar Group Trading Up 0.6 %

Shares of CSGP traded up $0.43 during trading hours on Monday, hitting $73.85. 2,189,276 shares of the stock traded hands, compared to its average volume of 2,214,693. The business has a fifty day moving average of $74.67 and a 200-day moving average of $75.35. The firm has a market capitalization of $30.28 billion, a PE ratio of 167.84 and a beta of 0.85. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. 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 released its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The company had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. Analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. JMP Securities reissued a "market outperform" rating and set a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a report on Monday, January 6th. Stephens reissued an "overweight" rating and set a $103.00 price target on shares of CoStar Group in a report on Thursday, January 2nd. Finally, BMO Capital Markets decreased their price objective on shares of CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $92.92.

CoStar Group Company 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.