Alliance Wealth Advisors LLC UT Takes $1.26 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Alliance Wealth Advisors LLC UT bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,596 shares of the technology company’s stock, valued at approximately $1,260,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Partners LLC lifted its stake in shares of CoStar Group by 534.8% in the 4th 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 last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group during the fourth quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CoStar Group by 17,100.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after purchasing an additional 513 shares during the period. Ashton Thomas Securities LLC acquired a new stake in CoStar Group in the 3rd quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co raised its position in CoStar Group by 1,825.5% in the fourth quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after purchasing an additional 931 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction dated Tuesday, November 26th. The shares were 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 $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CSGP shares. JPMorgan Chase & Co. cut their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Stephens reissued an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a research report on Wednesday, January 29th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $92.33.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $76.80 on Tuesday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The stock has a market capitalization of $31.48 billion, a price-to-earnings ratio of 174.55 and a beta of 0.87. The company has a 50-day simple moving average of $74.67 and a 200-day simple moving average of $75.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

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.