Angeles Investment Advisors LLC Reduces Position in CoStar Group, Inc. (NASDAQ:CSGP)

Angeles Investment Advisors LLC decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 38.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,628 shares of the technology company’s stock after selling 2,297 shares during the quarter. Angeles Investment Advisors LLC’s holdings in CoStar Group were worth $317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its position in CoStar Group by 125.4% during the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after acquiring an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group in the 4th quarter worth approximately $37,000. CVA Family Office LLC bought a new position in shares of CoStar Group in the 4th quarter worth approximately $60,000. KB Financial Partners LLC boosted its holdings in shares of CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after buying an additional 124 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in CoStar Group during the fourth quarter valued at approximately $89,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

CSGP traded down $0.84 during trading on Friday, hitting $76.21. 3,343,077 shares of the company traded hands, compared to its average volume of 1,839,961. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The company has a market cap of $31.12 billion, a PE ratio of 104.40, a P/E/G ratio of 11.47 and a beta of 0.83. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The stock’s 50-day simple moving average is $87.66 and its two-hundred day simple moving average is $86.55.

CoStar Group (NASDAQ:CSGPGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $656.40 million for the quarter, compared to the consensus estimate of $649.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. As a group, sell-side analysts anticipate that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at CoStar Group

In other news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s 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 directly owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Scott T. Wheeler sold 122,736 shares of the firm’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 in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total transaction of $352,146.00. Following the transaction, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSGP. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of CoStar Group in a research note on Friday, April 12th. Stephens reissued an “overweight” rating and set a $105.00 price target on shares of CoStar Group in a report on Wednesday, April 24th. Bank of America raised their price objective on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group increased their target price on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.46.

Check Out Our Latest Stock Report on CoStar Group

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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