Pacer Advisors Inc. Buys 4,716 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Pacer Advisors Inc. lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,337 shares of the technology company’s stock after acquiring an additional 4,716 shares during the quarter. Pacer Advisors Inc.’s holdings in CoStar Group were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC raised its holdings 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group during the fourth quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in CoStar Group by 17,100.0% in the fourth 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 bought a new stake in CoStar Group during the third quarter valued at $40,000. Finally, Quarry LP acquired a new stake in CoStar Group during the 2nd quarter worth about $54,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Up 1.2 %

Shares of NASDAQ:CSGP opened at $76.52 on Friday. The firm has a market capitalization of $31.37 billion, a PE ratio of 173.91 and a beta of 0.85. 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. The firm has a fifty day moving average of $74.75 and a 200 day moving average of $75.41.

Insider Activity

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CSGP shares. Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research note on Tuesday. Citigroup cut their price target on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. BMO Capital Markets cut their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.33.

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.