United Services Automobile Association Purchases 701 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

United Services Automobile Association boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,302 shares of the technology company’s stock after buying an additional 701 shares during the quarter. United Services Automobile Association’s holdings in CoStar Group were worth $1,075,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CSGP. Illinois Municipal Retirement Fund purchased a new stake in shares of CoStar Group during the 3rd quarter valued at about $521,000. Harvest Fund Management Co. Ltd increased its position in shares of CoStar Group by 60.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the technology company’s stock valued at $247,000 after purchasing an additional 1,206 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in CoStar Group by 73.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 5,784 shares of the technology company’s stock worth $445,000 after acquiring an additional 2,457 shares in the last quarter. Arizona State Retirement System increased its holdings in CoStar Group by 0.4% in the 3rd quarter. Arizona State Retirement System now owns 111,457 shares of the technology company’s stock worth $8,570,000 after acquiring an additional 445 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its holdings in CoStar Group by 18.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 3,955 shares of the technology company’s stock worth $302,000 after acquiring an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded down $1.96 during midday trading on Wednesday, reaching $81.30. 99,710 shares of the stock traded hands, compared to its average volume of 2,047,812. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. The stock has a market capitalization of $33.20 billion, a PE ratio of 114.05, a P/E/G ratio of 12.80 and a beta of 0.84. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The company’s 50 day moving average is $90.55 and its 200 day moving average is $86.82.

CoStar Group (NASDAQ:CSGPGet Free Report) last posted its earnings results on Tuesday, April 23rd. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm had revenue of $656.40 million during the quarter, compared to the consensus estimate of $649.27 million. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

Insider Activity at CoStar Group

In related news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the sale, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CSGP. The Goldman Sachs Group increased their target price on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Stephens reissued an “overweight” rating and issued a $105.00 target price on shares of CoStar Group in a report on Wednesday, April 24th. Robert W. Baird increased their target price on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Citigroup increased their target price on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets upped their price target on CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.46.

Get Our Latest Research Report on CSGP

About CoStar Group

(Free Report)

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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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