CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 93.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,159 shares of the technology company’s stock after selling 68,407 shares during the quarter. SG Americas Securities LLC’s holdings in CoStar Group were worth $369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC lifted its holdings in CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after purchasing an additional 353 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of CoStar Group during the 3rd quarter worth about $40,000. Brooklyn Investment Group purchased a new position in CoStar Group in the 3rd quarter valued at about $91,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in CoStar Group by 55.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,374 shares of the technology company’s stock worth $104,000 after buying an additional 488 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in CoStar Group by 425.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the technology company’s stock worth $158,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of CSGP opened at $76.80 on Tuesday. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $74.67 and its two-hundred day moving average is $75.41. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The firm has a market capitalization of $31.48 billion, a PE ratio of 174.55 and a beta of 0.87.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the sale, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CSGP. BMO Capital Markets dropped their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. Citigroup decreased their price target on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. 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 note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.33.

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.