Summit Trail Advisors LLC Acquires 559 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Summit Trail Advisors LLC grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,089 shares of the technology company’s stock after purchasing an additional 559 shares during the quarter. Summit Trail Advisors LLC’s holdings in CoStar Group were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CSGP. ORG Partners LLC boosted its position in CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after acquiring an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of CoStar Group during the 4th quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. boosted its position in CoStar Group by 17,100.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after purchasing an additional 513 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in CoStar Group during the third quarter valued at about $40,000. Finally, CENTRAL TRUST Co grew its stake in CoStar Group by 1,825.5% in the fourth quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after purchasing an additional 931 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CSGP. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.23.

Insider Activity

In related news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction on 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 owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.57% of the company’s stock.

CoStar Group Stock Down 1.3 %

Shares of CSGP stock opened at $76.00 on Wednesday. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The stock has a market cap of $31.16 billion, a P/E ratio of 172.73 and a beta of 0.87. The stock has a 50 day moving average of $74.25 and a 200 day moving average of $75.48. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group Company 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.