CoStar Group, Inc. (NASDAQ:CSGP) Stock Holdings Cut by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 8.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 359,439 shares of the technology company’s stock after selling 35,014 shares during the period. CoStar Group makes up about 1.3% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Motley Fool Wealth Management LLC’s holdings in CoStar Group were worth $25,533,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Polen Capital Management LLC bought a new position in shares of CoStar Group during the 4th quarter valued at about $465,134,000. Barclays PLC boosted its holdings in CoStar Group by 91.4% during the third quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock worth $169,678,000 after buying an additional 1,073,793 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 buying an additional 1,001,177 shares during the last quarter. 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 valued at $1,286,987,000 after buying an additional 722,153 shares in the last quarter. Finally, Amundi lifted its position in shares of CoStar Group by 30.1% during the 4th quarter. Amundi now owns 2,810,540 shares of the technology company’s stock valued at $200,504,000 after acquiring an additional 650,454 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the sale, the chief accounting officer now directly owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.57% of the stock is currently owned by corporate insiders.

CoStar Group Stock Up 0.1 %

CSGP opened at $80.23 on Wednesday. The company has a market capitalization of $32.90 billion, a PE ratio of 229.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.64. The business has a 50-day moving average of $76.58 and a 200-day moving average of $75.77.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. Equities research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has initiated a stock buyback program on Tuesday, February 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on CoStar Group from $99.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. JMP Securities reaffirmed a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. Citigroup dropped their target price on shares of CoStar Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of CoStar Group from $65.00 to $63.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Finally, Craig Hallum initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.07.

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.