Gilbert & Cook Inc. Sells 463 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Gilbert & Cook Inc. cut its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,062 shares of the technology company’s stock after selling 463 shares during the period. Gilbert & Cook Inc.’s holdings in CoStar Group were worth $835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of CoStar Group during the third quarter valued at approximately $40,000. Swedbank AB bought a new position in shares of CoStar Group during the first quarter valued at approximately $4,223,000. Gateway Investment Advisers LLC boosted its stake in CoStar Group by 31.1% in the second quarter. Gateway Investment Advisers LLC now owns 40,525 shares of the technology company’s stock valued at $3,005,000 after acquiring an additional 9,618 shares in the last quarter. First Hawaiian Bank boosted its stake in CoStar Group by 111.9% in the second quarter. First Hawaiian Bank now owns 16,726 shares of the technology company’s stock valued at $1,240,000 after acquiring an additional 8,833 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in CoStar Group by 248.2% in the second quarter. Assenagon Asset Management S.A. now owns 369,291 shares of the technology company’s stock valued at $27,379,000 after acquiring an additional 263,234 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price 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. Bank of America decreased their price target on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Citigroup decreased their price target on shares of CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, October 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a report on Friday, September 6th. Finally, The Goldman Sachs Group decreased their price target on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.25.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance purchased 14,731 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the transaction, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. The trade was a 1.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares in the company, valued at $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

CoStar Group Stock Down 5.1 %

CSGP stock opened at $71.25 on Friday. The firm has a market cap of $29.21 billion, a PE ratio of 161.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The firm’s fifty day moving average is $75.82 and its 200 day moving average is $77.42. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, research analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current year.

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.