Natixis Advisors L.P. lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,062 shares of the technology company’s stock after selling 8,255 shares during the quarter. Natixis Advisors L.P. owned 0.05% of CoStar Group worth $15,924,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in CSGP. BlackRock Inc. raised its position in CoStar Group by 42.0% in the 3rd quarter. BlackRock Inc. now owns 28,633,861 shares of the technology company’s stock worth $1,994,349,000 after purchasing an additional 8,470,338 shares during the period. Vanguard Group Inc. raised its position in CoStar Group by 22.1% in the 3rd quarter. Vanguard Group Inc. now owns 42,997,622 shares of the technology company’s stock worth $2,994,784,000 after purchasing an additional 7,780,240 shares during the period. State Street Corp raised its position in CoStar Group by 84.0% in the 3rd quarter. State Street Corp now owns 14,630,966 shares of the technology company’s stock worth $1,019,047,000 after purchasing an additional 6,681,249 shares during the period. Mackenzie Financial Corp raised its position in CoStar Group by 343.8% in the 1st quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock worth $194,074,000 after purchasing an additional 2,257,140 shares during the period. Finally, Capital International Investors purchased a new position in CoStar Group in the 1st quarter worth $101,893,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.
CoStar Group Trading Down 0.0 %
CSGP opened at $68.80 on Wednesday. The stock has a market cap of $27.99 billion, a PE ratio of 73.98, a PEG ratio of 3.68 and a beta of 0.88. The company has a quick ratio of 13.92, a current ratio of 13.92 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $71.33 and a 200-day moving average of $75.50. CoStar Group, Inc. has a 52 week low of $53.51 and a 52 week high of $85.37.
Insider Activity
In other news, insider Michael J. Desmarais sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was 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 approximately $3,155,364.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Needham & Company LLC decreased their price objective on shares of CoStar Group from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. BMO Capital Markets lowered their price target on CoStar Group from $84.00 to $68.00 and set a “market perform” rating for the company in a research report on Wednesday, February 22nd. The Goldman Sachs Group cut their price objective on CoStar Group from $102.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Stephens decreased their target price on CoStar Group from $90.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 price target on shares of CoStar Group in a research note on Wednesday, February 22nd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.25.
About CoStar Group
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.
Featured Articles
- Get a free copy of the StockNews.com research report on CoStar Group (CSGP)
- Weight Watchers Reshapes Itself with a Game-Changer Acquisition
- Two Tiny Mining Stocks Worth Considering for the Next Gold Rush
- Nano Dimension Prints Growth: Enters Hypergrowth Phase
- CF Is Set To Harvest The Bull Run In Agricultural Stocks
- Oracle Dips But The Trend Is Strong
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.
