S.E.E.D. Planning Group LLC Boosts Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

S.E.E.D. Planning Group LLC grew its position in CoStar Group, Inc. (NASDAQ:CSGP) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,345 shares of the technology company’s stock after acquiring an additional 3,184 shares during the quarter. CoStar Group comprises about 1.2% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 29th largest position. S.E.E.D. Planning Group LLC’s holdings in CoStar Group were worth $3,461,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its position in CoStar Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock valued at $652,000 after acquiring an additional 138 shares during the last quarter. Moran Wealth Management LLC boosted its stake in shares of CoStar Group by 2.0% during the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after purchasing an additional 161 shares during the period. Elo Mutual Pension Insurance Co grew its holdings in shares of CoStar Group by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 37,501 shares of the technology company’s stock worth $2,780,000 after purchasing an additional 188 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in CoStar Group by 1.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock worth $1,443,000 after buying an additional 209 shares during the period. Finally, Bell Bank lifted its holdings in CoStar Group by 1.3% during the 3rd quarter. Bell Bank now owns 18,232 shares of the technology company’s stock valued at $1,375,000 after buying an additional 234 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 0.5 %

NASDAQ:CSGP opened at $69.61 on Wednesday. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 158.21 and a beta of 0.85. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $74.83 and a 200 day moving average of $75.36.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The firm had revenue of $692.60 million during the quarter, compared to analysts’ expectations of $695.91 million. During the same quarter last year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on CSGP shares. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup decreased their target price on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets dropped their price target on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.92.

Insider Transactions at CoStar Group

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

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.