Atlantic Union Bankshares Corp Boosts Position in CoStar Group, Inc. (NASDAQ:CSGP)

Atlantic Union Bankshares Corp raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,423 shares of the technology company’s stock after acquiring an additional 1,817 shares during the period. Atlantic Union Bankshares Corp’s holdings in CoStar Group were worth $1,876,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LPL Financial LLC boosted its holdings in CoStar Group by 16.8% in the third quarter. LPL Financial LLC now owns 86,580 shares of the technology company’s stock valued at $6,657,000 after purchasing an additional 12,422 shares during the last quarter. Mariner LLC boosted its stake in shares of CoStar Group by 0.6% in the third quarter. Mariner LLC now owns 35,221 shares of the technology company’s stock worth $2,708,000 after buying an additional 216 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CoStar Group during the third quarter worth about $2,173,000. O Shaughnessy Asset Management LLC grew its holdings in CoStar Group by 4.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 8,227 shares of the technology company’s stock worth $633,000 after acquiring an additional 387 shares during the period. Finally, Meeder Advisory Services Inc. boosted its position in CoStar Group by 22.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 3,008 shares of the technology company’s stock worth $231,000 after purchasing an additional 560 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSGP has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price objective on shares of CoStar Group in a research report on Friday, June 7th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, April 24th. Robert W. Baird upped their price target on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of CoStar Group in a report on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $102.46.

Insider Transactions at CoStar Group

In related news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $28,099,448.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were 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 of the company’s stock, valued at $28,099,448.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the sale, the insider now owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Trading Down 0.2 %

Shares of CSGP opened at $74.14 on Friday. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The stock has a market cap of $30.27 billion, a PE ratio of 101.56, a price-to-earnings-growth ratio of 11.06 and a beta of 0.83. The firm’s fifty day moving average is $82.78 and its two-hundred day moving average is $85.55. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm had revenue of $656.40 million for the quarter, compared to the consensus estimate of $649.27 million. Research analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

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.