37,755 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Purchased by Vanderbilt University

Vanderbilt University purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 37,755 shares of the technology company’s stock, valued at approximately $2,703,000.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $2,096,000. Czech National Bank lifted its stake in CoStar Group by 7.3% in the third quarter. Czech National Bank now owns 83,484 shares of the technology company’s stock valued at $6,298,000 after purchasing an additional 5,671 shares during the last quarter. GAMMA Investing LLC grew its holdings in CoStar Group by 90.5% during the third quarter. GAMMA Investing LLC now owns 4,583 shares of the technology company’s stock valued at $346,000 after purchasing an additional 2,177 shares during the period. Diversified Trust Co increased its position in CoStar Group by 27.8% in the third quarter. Diversified Trust Co now owns 3,488 shares of the technology company’s stock worth $263,000 after buying an additional 758 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of CoStar Group in the third quarter valued at $684,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a research note on Wednesday, January 29th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. Wells Fargo & Company initiated coverage on shares of CoStar Group in a research note on Wednesday. They issued an “underweight” rating and a $65.00 target price for the company. Keefe, Bruyette & Woods dropped their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group Stock Performance

NASDAQ CSGP opened at $77.72 on Thursday. The company’s 50 day simple moving average is $74.55 and its two-hundred day simple moving average is $75.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The stock has a market capitalization of $31.86 billion, a PE ratio of 176.64 and a beta of 0.87.

About CoStar Group

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.