Harbor Advisors LLC Has $1.62 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Harbor Advisors LLC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,560 shares of the technology company’s stock after buying an additional 2,500 shares during the quarter. Harbor Advisors LLC’s holdings in CoStar Group were worth $1,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of CoStar Group during the 4th quarter worth approximately $25,000. ORG Partners LLC grew its position in shares of CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after buying an additional 353 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of CoStar Group during the 4th quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group during the 4th quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of CoStar Group by 17,100.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Transactions at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the sale, the chief accounting officer now directly owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CSGP shares. Craig Hallum started coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “buy” rating for the company. The Goldman Sachs Group started coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “buy” rating and a $89.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $99.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $88.07.

CoStar Group Trading Down 0.7 %

NASDAQ CSGP opened at $78.46 on Friday. The stock has a market capitalization of $32.18 billion, a price-to-earnings ratio of 224.17 and a beta of 0.93. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The business’s fifty day moving average is $76.15 and its 200-day moving average is $75.74.

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

CoStar Group announced that its Board of Directors has initiated a share buyback plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.