Chicago Partners Investment Group LLC Sells 526 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Chicago Partners Investment Group LLC cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 14,067 shares of the technology company’s stock after selling 526 shares during the period. Chicago Partners Investment Group LLC’s holdings in CoStar Group were worth $1,004,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. ORG Partners LLC increased its position in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after buying an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in CoStar Group during the 4th quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after purchasing an additional 513 shares during the period. Ashton Thomas Securities LLC acquired a new stake in CoStar Group in the 3rd quarter worth $40,000. Finally, Brooklyn Investment Group bought a new position in shares of CoStar Group during the 3rd quarter worth about $91,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CSGP shares. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. Stephens reissued an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a report on Wednesday, January 29th. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average target price of $92.33.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $76.60 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The firm has a 50 day simple moving average of $74.67 and a 200 day simple moving average of $75.41. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The firm has a market cap of $31.40 billion, a P/E ratio of 174.09 and a beta of 0.85.

Insider Buying and Selling at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the sale, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate 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.