CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 11.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,229 shares of the technology company’s stock after selling 284 shares during the quarter. First Horizon Advisors Inc.’s holdings in CoStar Group were worth $195,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CSGP. KB Financial Partners LLC boosted its holdings in CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after acquiring an additional 124 shares during the period. Wealth Alliance boosted its stake in shares of CoStar Group by 3.0% in the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock valued at $397,000 after purchasing an additional 132 shares during the period. Keybank National Association OH boosted its stake in shares of CoStar Group by 0.6% in the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock valued at $1,627,000 after purchasing an additional 133 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of CoStar Group by 2.8% in the third quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock valued at $383,000 after purchasing an additional 135 shares in the last quarter. Finally, Certuity LLC increased its stake in CoStar Group by 4.8% during the 3rd quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock worth $250,000 after buying an additional 149 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the transaction, the insider now owns 64,087 shares in the company, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by company insiders.

CoStar Group Trading Up 1.6 %

NASDAQ CSGP opened at $91.23 on Monday. The firm’s fifty day moving average price is $90.60 and its 200 day moving average price is $85.19. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 124.97, a price-to-earnings-growth ratio of 10.21 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. CoStar Group’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts expect that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSGP shares. Jefferies Financial Group raised their price target on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. BMO Capital Markets boosted their target price on CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. The Goldman Sachs Group increased their price target on CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Royal Bank of Canada boosted their price objective on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.46.

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.