CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,500 shares of the technology company’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in CoStar Group were worth $1,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after purchasing an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group during the 4th quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 valued at $37,000 after buying an additional 513 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of CoStar Group during the 3rd quarter valued at $40,000. Finally, CENTRAL TRUST Co boosted its stake in shares of CoStar Group by 1,825.5% during the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after buying an additional 931 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s 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 owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is owned by company insiders.

CoStar Group Stock Up 0.7 %

Shares of CSGP opened at $74.06 on Monday. The company has a 50-day simple moving average of $73.90 and a 200-day simple moving average of $75.38. The firm has a market capitalization of $30.36 billion, a P/E ratio of 168.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38.

Analyst Ratings Changes

A number of brokerages have issued reports on CSGP. Keefe, Bruyette & Woods decreased their target price on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Citigroup decreased their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Monday, December 9th. BMO Capital Markets reduced their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.23.

CoStar Group 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.