CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,775 shares of the technology company’s stock after buying an additional 123 shares during the period. Axxcess Wealth Management LLC’s holdings in CoStar Group were worth $243,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the period. Pinnacle Bancorp Inc. bought a new stake in CoStar Group in the 4th quarter valued at about $37,000. CVA Family Office LLC bought a new stake in CoStar Group in the 4th quarter valued at about $60,000. KB Financial Partners LLC lifted its position in CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in CoStar Group by 78.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after purchasing an additional 540 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CSGP shares. Needham & Company LLC lifted their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, January 19th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of CoStar Group in a research note on Friday, April 12th. Finally, Bank of America boosted their target price on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Stock Performance

CSGP opened at $91.34 on Friday. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $37.30 billion, a PE ratio of 125.12, a P/E/G ratio of 10.21 and a beta of 0.84. The business has a fifty day simple moving average of $90.98 and a 200-day simple moving average of $85.48. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. CoStar Group’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, equities analysts predict that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In related news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group 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 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 other news, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction on 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 approximately $5,938,942.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction 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 disclosure for this sale can be found here. 1.58% of the stock is currently owned by company insiders.

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.