CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 47.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,765 shares of the technology company’s stock after selling 86,875 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CoStar Group were worth $7,562,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Colonial Trust Co SC raised its stake in shares of CoStar Group by 27.4% in the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company’s stock valued at $48,000 after acquiring an additional 145 shares in the last quarter. DoubleLine ETF Adviser LP raised its stake in shares of CoStar Group by 0.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company’s stock valued at $2,105,000 after acquiring an additional 146 shares in the last quarter. Aurora Investment Managers LLC. raised its stake in shares of CoStar Group by 0.7% in the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company’s stock valued at $1,771,000 after acquiring an additional 164 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of CoStar Group by 5.0% in the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company’s stock valued at $297,000 after acquiring an additional 179 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in shares of CoStar Group by 28.3% in the first quarter. CVA Family Office LLC now owns 843 shares of the technology company’s stock valued at $67,000 after acquiring an additional 186 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CSGP. Stephens upgraded CoStar Group to a “strong-buy” rating and set a $105.00 price target on the stock in a research note on Monday, June 16th. Needham & Company LLC raised their price target on CoStar Group from $87.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods raised their price target on CoStar Group from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price target on CoStar Group from $63.00 to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, April 30th. Finally, Bank of America began coverage on CoStar Group in a research note on Friday, May 30th. They issued a “neutral” rating and a $79.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $87.69.

CoStar Group Trading Down 0.7%

CSGP opened at $85.43 on Friday. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 294.59, a price-to-earnings-growth ratio of 4.34 and a beta of 0.89. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $86.14. The business’s 50 day moving average is $78.46 and its two-hundred day moving average is $77.10. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12.

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.