Moran Wealth Management LLC trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,681 shares of the technology company’s stock after selling 526 shares during the quarter. Moran Wealth Management LLC’s holdings in CoStar Group were worth $609,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of CoStar Group during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after buying an additional 402 shares during the last quarter. Private Trust Co. NA boosted its stake in CoStar Group by 969.5% during the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company’s stock worth $45,000 after buying an additional 572 shares during the last quarter. Finally, Colonial Trust Co SC boosted its stake in CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company’s stock worth $48,000 after buying an additional 145 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.
CoStar Group Price Performance
CSGP opened at $81.50 on Friday. The stock’s 50-day moving average price is $77.87 and its 200 day moving average price is $76.44. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $83.68. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. The firm has a market cap of $34.38 billion, a price-to-earnings ratio of 281.03, a PEG ratio of 4.09 and a beta of 0.87.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on CoStar Group
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.
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