CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Vestmark Advisory Solutions Inc.

Posted by on Apr 1st, 2023

Vestmark Advisory Solutions Inc. decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,910 shares of the technology company’s stock after selling 1,130 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in CoStar Group were worth $2,157,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in CoStar Group by 14.8% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,054 shares of the technology company’s stock valued at $366,000 after buying an additional 781 shares in the last quarter. Teza Capital Management LLC increased its stake in CoStar Group by 114.0% during the 3rd quarter. Teza Capital Management LLC now owns 11,608 shares of the technology company’s stock worth $808,000 after buying an additional 6,184 shares during the period. Prudential Financial Inc. increased its stake in CoStar Group by 2,549.7% during the 2nd quarter. Prudential Financial Inc. now owns 570,585 shares of the technology company’s stock worth $34,358,000 after buying an additional 549,051 shares during the period. Securian Asset Management Inc. bought a new stake in shares of CoStar Group in the 3rd quarter worth about $2,295,000. Finally, MetLife Investment Management LLC grew its position in shares of CoStar Group by 914.8% during the 3rd quarter. MetLife Investment Management LLC now owns 107,363 shares of the technology company’s stock valued at $7,478,000 after buying an additional 96,783 shares during the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

CoStar Group Stock Up 1.0 %

Shares of NASDAQ CSGP opened at $68.85 on Friday. The stock has a market cap of $28.01 billion, a P/E ratio of 74.03, a P/E/G ratio of 3.67 and a beta of 0.88. The firm has a 50 day moving average price of $72.70 and a 200 day moving average price of $75.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 13.92 and a current ratio of 13.92. CoStar Group, Inc. has a 52-week low of $53.51 and a 52-week high of $85.37.

Insider Activity at CoStar Group

In other news, insider Michael J. Desmarais sold 5,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $70.36, for a total value of $394,016.00. Following the completion of the transaction, the insider now owns 44,846 shares in the company, valued at $3,155,364.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CSGP shares. Stephens decreased their price objective on shares of CoStar Group from $90.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. Needham & Company LLC cut their target price on shares of CoStar Group from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. The Goldman Sachs Group cut their price target on shares of CoStar Group from $102.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. BMO Capital Markets cut their price target on shares of CoStar Group from $84.00 to $68.00 and set a “market perform” rating on the stock in a report on Wednesday, February 22nd. Finally, StockNews.com initiated coverage on shares of CoStar Group in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.25.

CoStar Group Profile

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CoStar Group, Inc engages in providing online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the Unites States and Canada. The International refers to Europe, Asia-Pacific, and Latin America.

See Also

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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