CHICAGO TRUST Co NA Has $1.08 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

CHICAGO TRUST Co NA reduced its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,035 shares of the technology company’s stock after selling 2,200 shares during the period. CHICAGO TRUST Co NA’s holdings in CoStar Group were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC raised its holdings 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 worth $30,000 after acquiring an additional 353 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CoStar Group during the 3rd quarter valued at about $40,000. Quarry LP bought a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $54,000. Brooklyn Investment Group acquired a new position in CoStar Group in the third quarter worth approximately $91,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in CoStar Group in the second quarter worth approximately $104,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Down 1.3 %

CSGP traded down $0.93 during trading on Monday, hitting $68.94. The company had a trading volume of 721,993 shares, compared to its average volume of 2,003,590. The company has a market capitalization of $28.26 billion, a PE ratio of 156.69 and a beta of 0.85. The firm’s 50-day moving average price is $75.04 and its 200 day moving average price is $75.42. CoStar Group, Inc. has a one year low of $68.26 and a one year 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.

CoStar Group (NASDAQ:CSGP) last released its earnings results 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. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The business had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group 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 completion of the sale, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares of the company’s stock, valued at approximately $142,919,389.69. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CSGP shares. Citigroup reduced their target price on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, October 24th. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a research report on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.08.

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.