CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Ycg LLC

Ycg LLC trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 448,531 shares of the technology company’s stock after selling 3,442 shares during the period. CoStar Group accounts for approximately 2.6% of Ycg LLC’s portfolio, making the stock its 19th largest position. Ycg LLC’s holdings in CoStar Group were worth $32,110,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CSGP. Moran Wealth Management LLC grew its position in CoStar Group by 2.0% during the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after acquiring an additional 161 shares during the period. Allworth Financial LP increased its position in CoStar Group by 9.7% in the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company’s stock valued at $144,000 after acquiring an additional 173 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of CoStar Group by 2.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company’s stock valued at $557,000 after purchasing an additional 176 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of CoStar Group by 1.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock worth $1,443,000 after acquiring an additional 209 shares in the last quarter. Finally, FWG Holdings LLC boosted its position in CoStar Group by 3.5% during the fourth quarter. FWG Holdings LLC now owns 6,431 shares of the technology company’s stock valued at $494,000 after purchasing an additional 219 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Craig Hallum initiated coverage on CoStar Group in a report on Friday, February 28th. They set a “buy” rating on the stock. The Goldman Sachs Group started coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a “buy” rating for the company. JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft initiated coverage on CoStar Group in a report on Friday, February 28th. They set a “buy” rating and a $89.00 price objective for the company. Finally, StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.07.

CoStar Group Stock Performance

NASDAQ CSGP opened at $76.87 on Wednesday. The stock has a fifty day simple moving average of $74.99 and a 200-day simple moving average of $75.66. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $31.53 billion, a PE ratio of 219.63 and a beta of 0.93.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The firm had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. Equities analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.