FWG Holdings LLC Purchases 219 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

FWG Holdings LLC increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,431 shares of the technology company’s stock after acquiring an additional 219 shares during the period. FWG Holdings LLC’s holdings in CoStar Group were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSGP. ORG Partners LLC increased its stake 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 purchasing an additional 353 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the fourth quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group during the fourth quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CoStar Group by 17,100.0% in the fourth 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 last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth about $40,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of CSGP stock opened at $79.39 on Monday. The company has a market capitalization of $32.56 billion, a P/E ratio of 226.83 and a beta of 0.93. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $74.73 and a two-hundred day moving average of $75.63. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. As a group, equities analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its board has approved a stock buyback program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

CSGP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft began coverage on CoStar Group in a report on Friday, February 28th. They issued a “buy” rating and a $89.00 target price for the company. Needham & Company LLC decreased their price objective on shares of CoStar Group from $100.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a report on Wednesday, February 19th. Wells Fargo & Company decreased their price target on shares of CoStar Group from $65.00 to $63.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.07.

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.