643 Shares in CoStar Group, Inc. $CSGP Acquired by Chilton Capital Management LLC

Chilton Capital Management LLC bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 643 shares of the technology company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSGP. Vanguard Group Inc. boosted its position in shares of CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after buying an additional 2,709,320 shares during the period. Baillie Gifford & Co. lifted its stake in CoStar Group by 6.6% during the 1st quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock worth $668,400,000 after acquiring an additional 524,601 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in CoStar Group during the 1st quarter valued at about $586,403,000. Polen Capital Management LLC grew its position in CoStar Group by 1.6% in the 1st quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock valued at $523,061,000 after acquiring an additional 104,612 shares in the last quarter. Finally, Invesco Ltd. grew its position in CoStar Group by 1.7% in the 1st quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock valued at $341,129,000 after acquiring an additional 70,561 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a research note on Wednesday, July 23rd. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a research note on Friday. JPMorgan Chase & Co. increased their price objective on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Needham & Company LLC boosted their target price on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $77.89 on Monday. CoStar Group, Inc. has a 12 month low of $68.41 and a 12 month high of $97.43. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $33.00 billion, a P/E ratio of 311.56, a PEG ratio of 3.66 and a beta of 0.87. The firm has a fifty day moving average price of $84.24 and a 200 day moving average price of $82.78.

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.