Stephens Investment Management Group LLC Has $43.90 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Stephens Investment Management Group LLC lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 613,269 shares of the technology company’s stock after selling 5,395 shares during the quarter. Stephens Investment Management Group LLC owned 0.15% of CoStar Group worth $43,904,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its position 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 acquiring an additional 138 shares during the last quarter. Moran Wealth Management LLC increased its holdings in CoStar Group by 2.0% during the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock worth $606,000 after buying an additional 161 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in CoStar Group by 1.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock valued at $1,443,000 after acquiring an additional 209 shares during the last quarter. Bell Bank grew its position in shares of CoStar Group by 1.3% in the 3rd quarter. Bell Bank now owns 18,232 shares of the technology company’s stock valued at $1,375,000 after acquiring an additional 234 shares during the period. Finally, Regatta Capital Group LLC lifted its stake in CoStar Group by 2.0% in the 3rd quarter. Regatta Capital Group LLC now owns 11,906 shares of the technology company’s stock valued at $898,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CSGP shares. Stephens reiterated an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research note on Wednesday, January 29th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price target on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of CoStar Group in a research note on Wednesday. They issued an “underweight” rating and a $65.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group Trading Down 1.2 %

NASDAQ CSGP opened at $77.25 on Friday. The company has a market cap of $31.67 billion, a price-to-earnings ratio of 175.57 and a beta of 0.87. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. 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 business’s fifty day moving average is $74.31 and its 200 day moving average is $75.49.

Insider Activity

In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.57% of the company’s stock.

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.