Stephens Inc. AR Grows Position in CoStar Group, Inc. (NASDAQ:CSGP)

Stephens Inc. AR boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 25.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,166 shares of the technology company’s stock after buying an additional 6,482 shares during the quarter. Stephens Inc. AR’s holdings in CoStar Group were worth $2,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of CoStar Group by 425.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the technology company’s stock valued at $158,000 after buying an additional 1,700 shares during the period. Procyon Advisors LLC increased its position in shares of CoStar Group by 9.9% during the third quarter. Procyon Advisors LLC now owns 19,180 shares of the technology company’s stock valued at $1,447,000 after buying an additional 1,726 shares during the period. Sapient Capital LLC raised its stake in CoStar Group by 37.4% in the third quarter. Sapient Capital LLC now owns 23,967 shares of the technology company’s stock worth $1,808,000 after buying an additional 6,522 shares in the last quarter. Creative Planning lifted its holdings in CoStar Group by 27.9% in the third quarter. Creative Planning now owns 31,828 shares of the technology company’s stock worth $2,401,000 after buying an additional 6,939 shares during the period. Finally, Swedbank AB boosted its position in CoStar Group by 469.3% during the 3rd quarter. Swedbank AB now owns 248,043 shares of the technology company’s stock valued at $18,712,000 after acquiring an additional 204,474 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.57% of the company’s stock.

CoStar Group Price Performance

Shares of CSGP opened at $76.00 on Wednesday. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a market capitalization of $31.16 billion, a P/E ratio of 172.73 and a beta of 0.87. The firm has a 50 day moving average of $74.25 and a 200 day moving average of $75.48. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets lowered their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company began coverage on shares of CoStar Group in a report on Wednesday, February 5th. They set an “underweight” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. decreased their price target 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. Finally, Stephens reissued an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group 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.