CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its position in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,393 shares of the technology company’s stock after selling 1,295 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CoStar Group were worth $6,489,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in CoStar Group by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,423,645 shares of the technology company’s stock worth $126,704,000 after purchasing an additional 9,313 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in CoStar Group by 1.2% during the second quarter. Cetera Advisor Networks LLC now owns 78,404 shares of the technology company’s stock worth $6,978,000 after purchasing an additional 896 shares in the last quarter. Sei Investments Co. raised its holdings in CoStar Group by 20.5% during the second quarter. Sei Investments Co. now owns 1,147,670 shares of the technology company’s stock worth $102,143,000 after purchasing an additional 195,185 shares in the last quarter. BlackRock Inc. raised its holdings in CoStar Group by 0.6% during the second quarter. BlackRock Inc. now owns 32,124,231 shares of the technology company’s stock worth $2,859,057,000 after purchasing an additional 206,764 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in CoStar Group by 10.3% during the second quarter. State of Wisconsin Investment Board now owns 237,841 shares of the technology company’s stock worth $21,168,000 after purchasing an additional 22,155 shares in the last quarter. Institutional investors and hedge funds own 96.53% of the company’s stock.

Insider Transactions at CoStar Group

In other news, Director John W. Hill sold 3,020 shares of CoStar Group stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $84.07, for a total transaction of $253,891.40. Following the completion of the transaction, the director now owns 17,870 shares of the company’s stock, valued at approximately $1,502,330.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CSGP shares. Truist Financial cut their price objective on shares of CoStar Group from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $114.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. BMO Capital Markets lifted their target price on shares of CoStar Group from $74.00 to $84.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. BTIG Research initiated coverage on shares of CoStar Group in a report on Friday, January 19th. They issued a “neutral” rating on the stock. Finally, Needham & Company LLC lifted their target price on shares of CoStar Group from $80.00 to $105.00 and gave the company a “buy” rating in a report on Monday, December 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.82.

View Our Latest Stock Report on CSGP

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $83.13 on Monday. The firm has a market capitalization of $33.95 billion, a P/E ratio of 83.97, a PEG ratio of 3.70 and a beta of 0.85. CoStar Group, Inc. has a one year low of $65.12 and a one year high of $92.36. The company’s fifty day moving average is $84.57 and its two-hundred day moving average is $81.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 13.31 and a current ratio of 13.31.

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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