Barclays PLC boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 83.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,321,700 shares of the technology company’s stock after buying an additional 1,055,584 shares during the quarter. Barclays PLC owned approximately 0.55% of CoStar Group worth $156,111,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSGP. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group in the 4th quarter worth approximately $29,000. IFP Advisors Inc raised its stake in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after acquiring an additional 471 shares in the last quarter. Rossby Financial LCC increased its stake in CoStar Group by 47.5% during the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 162 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares in the last quarter. Finally, Zions Bancorporation National Association UT increased its stake in CoStar Group by 41.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock valued at $48,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.
CoStar Group Stock Performance
Shares of NASDAQ CSGP opened at $32.04 on Tuesday. The company’s fifty day moving average price is $35.17 and its 200 day moving average price is $48.83. CoStar Group, Inc. has a 1 year low of $31.35 and a 1 year high of $97.43. The company has a market capitalization of $13.08 billion, a PE ratio of 534.09, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CSGP shares. JPMorgan Chase & Co. cut their price target on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Citigroup dropped their price objective on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and issued a $55.00 price objective on shares of CoStar Group in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Finally, Bank of America dropped their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.
Read Our Latest Stock Analysis on CoStar Group
Insider Transactions at CoStar Group
In related news, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This trade represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is currently owned by insiders.
CoStar Group Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
Featured Stories
- Five stocks we like better than CoStar Group
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.
