L. Roy Papp & Associates LLP Has $2.49 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

L. Roy Papp & Associates LLP cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,740 shares of the technology company’s stock after selling 630 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in CoStar Group were worth $2,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC increased its position 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 buying an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in CoStar Group during the fourth quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 acquiring an additional 513 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of CoStar Group in the 3rd quarter worth about $40,000. Finally, CENTRAL TRUST Co raised its position in shares of CoStar Group by 1,825.5% in the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock worth $70,000 after acquiring an additional 931 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Down 1.3 %

CoStar Group stock opened at $76.00 on Wednesday. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $74.25 and its two-hundred day moving average price is $75.48. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 172.73 and a beta of 0.87. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CSGP shares. Citigroup cut their target price on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. Keefe, Bruyette & Woods lowered their price objective 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. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Finally, Stephens restated an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.23.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.57% of the stock is owned by insiders.

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.